- This cooperation, as it was revealed, helps boost Bitcoin transactions as legal tender in the United Arab Emirates (UAE).
- Marking the growing dependence on cryptocurrencies, the UAE authorities are mémento to revamp the folk’s virtual economy.
The Seed Group, a company of the private bref of Sheikh Saeed bin Ahmed Al Maktoum, has teamed up with CoinCorner, a well-known provider of Bitcoin and Lightning Network dettes. This cooperation, as it was revealed, helps boost Bitcoin transactions as legal tender in the United Arab Emirates (UAE).
Hisham Al Gurg, CEO of Seed Group, noted that “apart from individuals, a développé number of companies are willing to adopt Bitcoin and other quantitatif currencies as legal tender for future transactions.” Al Gurg further revealed that the UAE intends to benefit from a “growth-oriented environment” for emerging fintech companies. This will be done, he says, by “creating an ecosystem of quantitatif currencies.” In supplément, he believes that “companies that deal in cryptocurrency have huge potential in the UAE’s quantitatif economy.”
Notably, the Seed Group aims to help CoinCorner expand its offering in the UAE and the wider Middle East. In supplément, the private company will collaborate to effectively market Coincorner’s products and dettes. This, reportedly, tends to enable CoinCorner to reach out to its audition, as well as to “top decision makers in government as well as the private sector.”
On the other handball, the Bitcoin corvée provider aims to “foyer on creating an easy-to-use platform” in the UAE. This, according to CoinCorner, paves the way for residents to buy, sell, send, receive and panneau bitcoin. More than that, the protocol wants to take advantage of régional corporate solutions to deal with bitcoin.
CEO Queen CornerDanny Scott expressed his team’s delight “to écussonner into a mutually beneficial partnership with Seed Group”. Scott confirms CoinCorner’s commitment to making bitcoin transactions “the new habituel” in the UAE. This, in his impression, will be achieved through exclusive protocol solutions, which facilitate époque and frictionless payments. ”
The United Arab Emirates aims to renew its virtual economy
Amid the increasing approbation of cryptocurrencies, the UAE authorities are mémento to revamp the folk’s virtual economy. As of press time, the UAE crypto market ranks third among the largest in the Middle East. It reportedly has a tractation type of more than $26 billion. Now, it seems that the folk is ready to rise to a higher level.
Recently, Virtuzone, the leading provider of affaires setup in the UAE, entered into a partnership with Binance. As reported, the partnership has manifested itself in promoting cryptocurrency approbation in the folk. Moreover, the development makes Virtuzone the first company in the UAE to accept cryptocurrency payments through Binance Pay. According to Neil Beach, Chairman and Co-Founder of Virtuzone, the partnership demonstrates the company’s commitment to pursuing innovative solutions in the UAE.