I read about it this morning. Dubai is becoming a hub for Bitcoin adoption, which is great since it's a popular tourist destination. However, I have one concern. Due to Bitcoin's volatility, many people might hesitate to receive their salaries in Bitcoin, as they want to preserve the value of their money in the long term. This is especially true for those who are new to cryptocurrency. If receiving salaries in Bitcoin is optional, not mandatory, it will be a step in the right direction.
Dubai's Bitcoin adoption is a step in the right direction for them, being a country that is a destination for tourism, it will encourage the crypto community to visit their country and spend money in cryptocurrency. This approval of Bitcoin payments in that country will encourage more people in Dubai, and other neighboring countries who are still skeptical about it to approve and encourage the use of Bitcoin. Although Bitcoin is volatile and not very appropriate for salary earners who needs to spend money on the short term because price can dip when they want sale or spend it but during bull run they will profit as it will yield returns on investment for them.