According to Emirates Estate, over 15% of real estate transactions in Dubai in 2024 involved digital currencies. 🤔 Let’s explore why this trend is growing: from paying for groceries to buying property with $BTC ?
By 2025, UAE regulators will have further optimized the use of cryptocurrencies for everyday transactions, including property rentals and vehicle leases. 🌎 For tourists, this is a convenient option, eliminating the need for bank transfers, currency exchange, or high transaction fees.
✅ So, are crypto payments just a trend or part of a global shift away from traditional finance?
According to Cryptopolitan’s forecasts, the use of crypto cards may grow to $220.46 billion by 2033, as users transition from traditional cards to cryptocurrency payment solutions. By 2026, nearly one in five crypto holders may use their holdings as a fintech tool for payments, up from 14.2% in 2024.
The crypto space is rapidly evolving, and even relatively new products are reaching new milestones. 🔥 For example, the newly launched WhiteBIT Nova card recently recorded over 1 million transactions. Source: whitebit.com/crypto-card
📎 A survey showed that 88.52% of WhiteBIT Nova users prefer the virtual card, with only 11.48% opting for the physical version, indicating that crypto payments are clearly not just a trend and society is moving away from traditional financial systems.
Why? In my opinion, the answer is simple: crypto cards and crypto payments offer far more advantages, such as instant transfers, cashback on crypto cards, blockchain security, and more.
💹 As of 2024, over 560 million global users own cryptocurrencies. Are there any reasons to doubt that in the near future, these 560 million users will be paying for purchases and subscriptions with crypto cards?
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