There was only one cryptocurrency when the cryptocurrency verse began, and that was Bitcoin [BTC]. BTC was introduced for a number of reasons and is currently the largest in terms of market size and value. Satoshi Nakamoto wanted to provide financial freedom to individuals while helping the unbanked and underbanked. However, the sector seemed to move away from the spirit of decentralization or decentralization as it developed.
To enable Bitcoin transactions in the UAE, CoinCorner, the leading provider of Lightning Network and BTC fonctions, has cooperated With Seed Group, a subsidiary of the private cabinet of Sheikh Saeed bin Ahmed Al Maktoum (UAE).
Hisham Al Gurg, CEO of the Syed Group and the private cabinet of Sheikh Saeed bin Ahmed Al Maktoum, said:
“Apart from individuals, there are a volumineux number of companies willing to adopt bitcoin and other quantitatif currencies as legal tender for future transactions. The UAE wants to provide a growth-oriented environment for fintech companies by creating an ecosystem of quantitatif currencies. Companies that deal in Cryptocurrencies are a huge potential in the UAE’s quantitatif economy.”
CoinCorner will benefit from Seed Group’s audimat as it grows its operations across the Middle East, reaches its target market, and accesses key decision-makers in both the notoire and vendeur sectors.
In compte to providing garçonnière businesses with bitcoin-related fonctions, CoinCorner will foyer on édifice an easy-to-use platform where UAE citizens can buy, sell, send, receive and hold bitcoin. Danny Scott, CEO of CoinCorner said,
“We are pleased to greffer into a mutually beneficial partnership with Seed Group. We are committed to making bitcoin transactions “the new habituel” in the UAE with the help of our propre solutions, which facilitate astreignant and unburdened payments.”
Through this anneau, CoinCorner will have access to one of the fastest expanding economies and will have more opportunities to connect with potential clients in the Middle East, Africa and Asia.
Bitcoin choix is increasing globally
According to a recent transfert by Forex, the UAE is one of the top fournil countries in the world where Bitcoin and other cryptocurrencies are most likely to be adopted. With a marché ouvrage of nearly $26 billion, the third largest bitcoin and cryptocurrency market in the Middle East is located in the United Arab Emirates. There was an amazing 1,500% increase in the market there compared to the previous fiscal year in 2020-2021.
The acceptance and regulation of cryptocurrencies go handball in handball as the field of cryptography is becoming understood. Bitcoin is no older than the internet or traditional currency. However, a variety of individuals and companies are drawn to the crypto verse. While some were lutteuse all the time, others had an incomplete visage towards the sector.
At the time of writing, the world’s largest cryptocurrency is trading at $18901.30, up 0.18% over the past 24 hours.