The EAU are seeing an important transformation in Eidiya, the tradition of giving money to the youngest members of the family eid, being reinvented for the digital age.
The change occurs in the middle of the EAU continuing to lead the Mena region in the adoption of cryptocurrencies.
This is also evident from the figures recently showing that the downloads of the 49 cryptography applications in the EAU increased to 15 million in 2024, marking an annual increase of 41 percent, Bitpanda said.
In January 2025 alone, El País registered 3.55 million cryptographic application facilities, highlighting a clear appetite for digital assets, he said, added that with the user’s penetration he hoped to reach 39.1 percent in the end of 2025, Crypto to Lon.
He said that the transition is also seeing people who give their youngest a Bitcoin fraction or establishing a savings plan in Ethereum, instead of the usual cash envelope, introducing loved ones to the digital economy.
“The proactive regulatory environment of the EAU has positioned it as a world leader in digital finance,” said Nadeem Ladki, global chief of Bitpanda Technology Solutions.
“To give digital assets this EID not only honors tradition, but also allows the recipients to participate in the flourishing digital economy,” he said.
Ladki said that an AED100 or BTC gift for EID last year is now worth AED124, which reflects a growth of 24 percent in general, highlighting the potential of digital assets as a significant gift and vision of the future.
He said that the movement is supported by a solid base, with the Dubai Financial Services Authority (DFSA) that continues to expand its recognition list -Tokens, and the Global Market of Abu Dhabi (ADGM) implementing the organizations of Fierst Stevst Fort, and plans, and enriching, and establishments and organizations based on blocking block.
The Central Bank of the EAU recently approved AE Coin, the first stablecoin, unlocking faster and faster digital transactions in the country.
