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.
I don’t even know why they were slow on accepting this and I was shocked with their rejection last year and I’m glad they’re already seeing the light.
One thing is certain, if payments are made in cryptocurrency (Any agreed coin by the employer and his employees ) people will definitely adjust to it’s volatility and rather learn how to make it worth it at the long run, and just like the cases with signature campaigns, payments are mostly made in bitcoin and even persons who were new to it, still accepted it and already adjusting towards it.
It’s a good news indeed seeing dubia with this move and I’m sure some other countries will do same