Dubai continues to accelerate crypto adoption as Dubai-based FIVE Hotels and Resorts announced BTC & ETH as payment options.
In Recent Development for global crypto adoption, Dubai-based FIVE Hotels and Resorts group declared that it is now accepting payments for its services in the top two leading cryptocurrencies - Bitcoin and Ethereum (BTC and ETH) etc.
In recent times, we've seen the crypto adoption around the world from the major and iconic brands such as Gucci and YallaMarket etc. Dubai is leading the race of global crypto adoption.
Even after the global stock and crypto markets are in a bloodbath for the last several months due to the US Federal Reserve's hike rates, the companies and institutions around the world continue to show support for digital currency payments.
As of now, at the time of writing this article, the crypto market has fallen under $1T, while bitcoin and Ethereum are trying to maintain support at $22.5K and $1.2K respectively.
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