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Cryptocurrency News Articles
The United Arab Emirates' Ministry of Energy and Infrastructure Announces a Strategic Partnership with Shiba Inu (SHIB)
Feb 05, 2025 at 08:00 pm
The United Arab Emirates' Ministry of Energy and Infrastructure (MoEI) on Tuesday announced a strategic partnership with Shiba Inu (SHIB), the world's second-largest memecoin by market cap, sending the token up on X's top trending business and finance topics.
The United Arab Emirates' Ministry of Energy and Infrastructure (MOEI) has announced a strategic partnership with Shiba Inu (SHIB), making it the first Web3 collaborative project of the ministry.
The partnership will see Shiba Inu's wide range of Web3 technologies being used to support public service efficiency, green infrastructure enhancements, and citizen-focused governance models.
His Excellency Eng Sharif Al Olama, Undersecretary for Energy and Petroleum Affairs at MOEI, said the collaboration is a 'pivotal moment' in the UAE's journey toward revolutionizing government services, as the ministry embraces emerging technologies.
"This collaboration represents the country's commitment to promoting and supporting high-end digital services, a pivotal moment in our journey toward revolutionizing government services.
We are excited to have the ministry embrace emerging technologies, and we are confident that this partnership will redefine how businesses and citizens collaborate in a transparent, eco-friendly digital framework."
Shytoshi Kusama, the former Lead Visionary and now Lead Ambassador of Shiba Inu, said the team is honored by the partnership and expects the collaboration to 'redefine' how government services are offered.
"We are thrilled that the Ministry of Energy and Infrastructure of the World's #1 Crypto location views the Shib Army as a cornerstone for next-generation infrastructure.
This partnership will showcase the strength of our community in a large-scale application of Shib tech. Together, we will redefine government services!
The full press conference can be found at shibatoken.com/blog/shiba-inu“
Crypto users are congratulating the Shiba Inu team for securing a partnership with the MOEI, which is also the first ever Web3 collaborative project of the ministry.
For well-followed YourPOP, the announcement could make the SHIB coin "one of the easiest buys during this market dip."
$SHIB approaching a major buy and liquidity zone. With the UAE partnershib announcement, might be one of the easiest buys during this market dip. Might be buying with size if market drops again. @Shibtoken Easiest trade of 2025? pic.twitter.com/YO6UWeiUu1
SHIB holder Burakku said the latest development around the token only underscores Shiba Inu's status as "a sleeping giant" in the memecoin segment.
Following the partnership's announcement, Kusama also took to Twitter to remind crypto users that "the world is a big place," seemingly suggesting that Web3 projects should look beyond their vision and explore possibilities of partnerships just as SHIB has accomplished in its collaboration with the UAE government.
"Press conference underwhelming? No worries!
Shib just announced a historic partnershib with .@MOEIUAE for REAL Web3 innovation at a federal level.
Remember frens, the world is a big place!
https://t.co/KQYcjUeVvQ for details!"
Shiba Inu's massive partnership comes at a time when memecoins are struggling to rebound from a broader crypto market downturn.
The SHIB token's price has also been in a seemingly stagnant state in recent weeks, but the partnership with the UAE's MOEI is expected to revive interest in one of the memecoin segment's most popular coins.
It is worth noting that SHIB is the only challenger who has ever come close to the popularity and community drive of Dogecoin (DOGE), the world's largest meme crypto by market cap.
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