[21 April 2022, Dubai, United Arab Emirates] – YallaMarket, a Dubai-based food delivery service, has announced that cryptocurrencies are now accepted as a means of payment on its mobile app.
In March 2022, the business began accepting cryptocurrency to provide its subscribers a more excellent range of payment options. Customers of YallaMarket can pay using cryptocurrency to get groceries and have them delivered to their door in 15 minutes.
The YallaMarket payment system accepts USDT and USDC as stable cryptocurrencies. These are blockchain-based cryptocurrencies whose tokens are backed by an identical amount of US dollars in circulation, making them stablecoins with a price pegged to USD $1.00. Bananas, for example, are one of the most popular commodities at YallaMarket and cost on average Dh7. They can be purchased for 1,91 USDT.
Leo Dovbenko, CEO and co-founder of YallaMarket, says:
“We can see that blockchain and cryptocurrency technologies are becoming more widely adopted worldwide.” As a firm situated in the United Arab Emirates — a global hotspot for financial technologies — YalaMarket couldn’t be left out. Furthermore, because YallaMarket customers value their time and actively incorporate technology into their life, there is little doubt that they are among the first to use crypto payments.”
YallaMarket partnered with CoinMENA, a digital assets exchange licensed by the Central Bank of Bahrain, to launch a new payment method.
“In the region, cryptocurrency use is fast increasing. Cryptocurrency as a means of exchange is a no-brainer as the digital economy evolves. Everyone will start using crypto today, just as everyone started using the internet 20 years ago; it is unavoidable,
” says Talal Tabbaa, CEO of CoinMENA.
About YallaMarket:
In 15 minutes, YallaMarket will deliver groceries and other daily necessities to your doorway for free. The service is available in JLT, JVC, Dubai Marina, Business Bay, DSO, and Deira through “dark retailers.”
Due to a hyperlocal delivery region concept and breakneck picking speed, the client receives an order from the nearest dark store in 15 minutes. Pickers can collect the order barely 3 minutes after purchase, thanks to a unique layout of items and the dark store’s inaccessibility to consumers. Because the stores are in densely populated locations, couriers can deliver multiple orders in a single trip.
Fresh meat and fish, wellness items, dairy, fresh flowers, pharmacy, and pet supplies are among the 2,500 SKUs accessible through YallaMarket, offering free 15-minute delivery.
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