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@ Narwhal Tacos
2025-05-08 19:34:10
The first tiny steps toward Oil priced in sats.
Hyper-Bitcoinization has begun.
“Emarat, a state-owned oil company in the UAE boasting a market value of nearly $14 billion, has begun accepting Bitcoin and other cryptocurrencies as fuel payments.
The cooperation with Crypto.com, announced on May 8, 2025, stands to benefit both the digital currency adoption in the Middle East and North Africa (MENA) region and the energy sector.
Ten Emarat service stations, which already have the Crypto.com payment infrastructure installed, will be the first to implement it. This attempts to make it possible for consumers to use supported digital assets to pay for gas and convenience shop purchases. In addition, this pilot program intends to spread throughout Emarat’s more than 155 service stations in the United Arab Emirates, contingent on regulatory permission and consumer feedback.”
https://www.banklesstimes.com/articles/2025/05/08/14b-emarat-now-accepts-bitcoin-and-other-crypto-for-gas-payments/