Dubai Taxi Company (DTC) is exploring cryptocurrency as a new payment option for customers and may introduce the facility in the near future, according to a report.

The initiative is aimed at expanding payment choices for riders, DTC CEO Mansoor Rahma Alfalasi told Khaleej Times.

“The idea is to give the customer different choices when it comes to payment gateways. We’re going to explore a cryptocurrency payment solution with our regulator, the Roads and Transport Authority (RTA). We can see it very soon as one of the payment gateways that we provide for our customers,” he said.

Alfalasi did not specify a launch timeline but indicated that the rollout could happen “very soon,” subject to regulatory coordination.

The move aligns with the UAE’s broader push toward adopting emerging financial technologies.

Earlier this month, AE Coin was recognised as a payment method for all federal government authorities, marking the first time in the region that a regulator-licensed stablecoin has been authorised for nationwide government-fee payments.

In November 2025, the Central Bank of the UAE also approved Zand, an AI-powered digital bank, to launch Zand AED, described as the country’s first regulated, multi-chain AED-backed stablecoin on public blockchains.

Separately, IHC, ADQ and First Abu Dhabi Bank (FAB) have announced plans to introduce a new dirham-backed stablecoin.

The proposed digital currency will be fully regulated by the Central Bank of the UAE and issued by FAB, subject to regulatory approval.

If implemented, cryptocurrency payments would add to DTC’s existing digital and cash payment options, further integrating blockchain-based financial solutions into everyday services in Dubai.