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The Al Jalila Foundation<\/a> announced today it will start accepting donations in cryptocurrencies. The Dubai-based medical charity is the first charitable organization in the United Arab Emirates to accept donations in crypto, the Dubai Media Office said in a press release, explaining that the foundation has also partnered with an unspecified \u201cleading cryptocurrency platform.\u201d<\/p>\n Why it matters:<\/strong>\u00a0 The cryptocurrency scene in the UAE is growing. The Dubai-based airlines Emirates<\/a> will also reportedly start accepting payments in cryptocurrencies. The Emirati grocery delivery platform YallaMarket<\/a> likewise began accepting crypto payments last month.\u00a0<\/p>\n Several major cryptocurrency platforms have announced moves to the UAE recently, including Kraken, Bybit and Crypto.com<\/a>.\u00a0<\/p>\n As many as one third of people in the Emirates own\u00a0cryptocurrency<\/a>. There are around $25 billion worth of cryptocurrency transactions conducted in the UAE each year, according to the Dubai Media Office.\u00a0<\/p>\n Know more:<\/b>\u00a0 People around the Middle East are beginning to embrace crypto. Many Lebanese<\/a> have begun using cryptocurrency recently as the economic crisis in the country continues.\u00a0<\/p>\n Several cryptocurrencies have dramatically dropped in value recently, including the preeminent Bitcoin<\/a>.\u00a0<\/p>\n<\/div>\n !function(f,b,e,v,n,t,s)
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