Dubai, known for its luxurious skyscrapers and innovative developments, is now making headlines in the world of cryptocurrency. The Dubai Multi Commodities Centre (DMCC) has announced its plans to build a 17-story Crypto Tower in the heart of the city. This move further solidifies Dubai’s position as a global hub for technology and finance.

The Crypto Tower, which is set to be completed by 2022, will be the first of its kind in the Middle East. It will serve as a hub for blockchain and cryptocurrency companies, providing them with state-of-the-art facilities and a supportive ecosystem. The tower will also house a variety of businesses, from startups to established companies, all focused on the rapidly growing world of digital currencies.

But Dubai’s foray into the world of cryptocurrency doesn’t stop there. In Tokyo, a Bitcoin hotel is set to open its doors later this year. The hotel, named “The Bitcoin Hotel,” will be the first of its kind in Japan and will accept payments in both Bitcoin and traditional currencies. Guests will also have the option to purchase Bitcoin at the hotel’s on-site cryptocurrency exchange.

This move by the hotel is a testament to the increasing acceptance and adoption of Bitcoin as a legitimate form of payment. With the rise of digital currencies, it’s no surprise that businesses are looking for ways to cater to this growing market.

The Crypto Tower and the Bitcoin hotel are just two examples of how Dubai and Tokyo are embracing the world of cryptocurrency. These developments not only showcase the cities’ forward-thinking mindset but also provide a glimpse into the future of finance. As more and more countries and businesses recognize the potential of digital currencies, it’s clear that the world of finance is evolving, and Dubai and Tokyo are leading the way.