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.

Every good thing starts with a step. Since Ecowatt which is a well-pronounced company in Dubai has adopted this method of payment. It will be accepted by others gradually since some people are ready to accept it as a means of payment.

However, the information I got from x was that the Dubai court validated the use of cryptocurrency for payment. Based on the fact that a worker sued his company for refusing to pay the promised cryptocurrency based on the fact that it was not a legal payment method. The court decided that the money should be paid in cryptocurrency and not fiat and at the same time it was made legal to accept cryptocurrency as payment in case there are other cases similar to this.

For developed countries and have quite high popularity in the world, of course it will not be that difficult to accept new things in their lives and approve new things in their own environment as you said. Because a country like Dubai that is still quite happy to make changes and create new things that have not been made by other countries, of course it will not be so surprising when Dubai wants to make such a step now even though previously there was a rejection that perhaps the authorities there had not researched it further at that time.

But for now, it has come true again because maybe the State Court has seen Bitcoin as something logical to be accepted and legalized to pay the salaries of its own country's employees even though their own country's currency still has a pretty good value at the moment. But what we need to see is Dubai is willing to accept Bitcoin and make such a move so that it could be that the move can influence other countries that are also close to Dubai to make almost the same move.

Just like many companies or stores already accept bitcoin payments, but what we need to care more about is how many people are willing to use bitcoin as a payment method. Because most people are interested in bitcoin for its profits, there are very few people who are interested in its actual use cases and even they think that using bitcoin for payment is a waste. Or even we are strong proponents of bitcoin, but how many of us are willing to use bitcoin as a means of payment on a daily basis?

I guess receiving a bitcoin salary would be an option, if that were the only method there would be strong opposition. Bitcoin's volatility is great for our investments, but it's not so good if we use it as a currency or a store of value.

This news is born out of the court judgment that ruled that an employer should pay its ex-employee the EcoWatt tokens that were included in the contract as part of his salary. The employer didn't want to pay the employee because they claimed that payment in crypto is not legally enforceable in the country. This landmark ruling has paved the way for the paying and acceptance of cryptocurrencies' wages or salaries. OP might be assuming that this judgment might lead to public acceptance of cryptos.


Accepting Bitcoin or other crypto as salaries will be based on agreement between the employer and employee. Even the case that led to this law was about paying salaries both fiat and a token called EcoWatt. Based on the contract, the worker was meant to receive a salary in fiat alongside 5,250 EcoWatt tokens. So, I think accepting crypto as salaries will be optional.

Oh well, there's always been a first and so with this news, this could be welcoming for those who work on Dubai. And for sure employee-employer knows the risk here and before they have implemented it they might consulted their employees and most of them could be really in Bitcoin or crypto in general.

And so with that, it might have answered the nature of Bitcoin as volatile although they would be being paid in their equivalent local fiat. And just like in signature campaigns that is pegged in USD already. So if there is a shift in prices, those employees might not be affected by the price fluctuations.

It is not a bad decision for whoever decides to receive their salaries in BTC and other cryptocurrencies, however, if you depend completely on your salary and you start spending it as soon as you receive it, then it may be better to receive your salary in fiat currency, or maybe partly fiat and crypto. It is a good development in the adoption of digital assets and i am sure it would be optional, so those who opt for it will surely know what they are doing.

Would be amazing to be able to receive part of your salary directly as Bitcoin though. Would save the hassle of directly converting your money and storing it in your wallet. Otherwise I doubt employees, even if they were pro-Bitcoin, would want their salaries to be in it. I mean you can't even buy stuff in general grocery stores with it after all. Maybe if that was implemented as well then we'd see people adopt it more? Otherwise, it's just an option for people who DCA which I'm pretty sure in the grand scheme of things, are pretty small in amount.

Of course yes, it is a great move and since Dubai is the flag bearer for innovations, this will help the crypto industry and more countries in the region will follow suit. The next generation internet which is web 3.0 is all about innovations using the internet and the digital assets, this ground breaking approval by the UAE government to allow employers pay their employs salary in cryptocurrency will help the crypto market.