YallaMarket, an emirate-based grocery delivery service, revealed on Wednesday that it now accepts cryptocurrency payments for client orders.
YallaMarket has taken a significant step in providing clients with different payment options. Adding cryptocurrency payments to their system is a smart and innovative move.
Leo Dovbenko, co-founder and CEO of YallaMarket, refused to be average and pioneered the use of bitcoin payments.
The company presently accepts payments in the stablecoins USD Coin (USDC) and Tether (USDT). They also intend to begin paying their employees in cryptocurrency.
Dovbenko is a blockchain and cryptocurrency enthusiast. Dovbenko, a believer in this new currency, is working to integrate the metaverse with standard payment systems to provide customers more options.
Note that Dovbenko is riding the next big wave by incorporating bitcoin technology into their financial transactions as soon as possible, perhaps even before the rest of the industry does.
In addition, YallaMarket is considering taking cryptocurrency investments from future investors and partners.
YallaMarket has also declared plans to expand their presence to Qatar and Saudi Arabia in the future.
Many sections of the UAE accept cryptocurrency, and the government has crypto-friendly rules to begin with.
Binance, FTX, and BitOasis, to name a few, are among the many crypto trading platforms that have sprung up in the Emirati territory.
Meanwhile, Emirates Airlines has jumped on board and begun implementing metaverse and NFT.