As cryptocurrency adoption continues to grow in UAE and the Middle East region, more crypto-focused firms are expanding to Dubai and its regional countries to offer their services to the residents.
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CoinCorner Partners With Seed Group to Facilitate Crypto Transaction in UAE
To expand its tentacles in the Middle East, the cryptocurrency exchange CoinCorner has announced a partnership with the Seed Group, a company of the Private Office of Sheikh Saeed bin Ahmed Al Maktoum, to offer crypto services to businesses and investors in the middle east region.
The partnership will help CoinCorner to market its services and products to target audiences in the Emirates.
“Apart from individuals, a large number of companies are ready to embrace Bitcoin and other digital currencies as legal tender for future transactions,” said Hisham Al Gurg, CEO of Seed Group and the Private Office of Sheikh Saeed bin Ahmed Al Maktoum. “The UAE wants to offer a growth-oriented environment to fintech companies by establishing an ecosystem for digital currencies. Companies dealing in cryptocurrencies hold huge potential in the Emirates’ digital economy.”
CoinCorner will be focusing on building a platform that is user-friendly and will let the residents of the UAE purchase, sell, store and receive their Bitcoin, and additionally, offer local businesses solutions while dealing with Bitcoin.
“We are pleased to enter into a mutually beneficial partnership with Seed Group,” said Danny Scott, CEO of CoinCorner. “We are committed to making Bitcoin transactions the “new normal” in the UAE with the help of our unique solutions, facilitating instant and frictionless payments.”
UAE has a center of attraction for crypto firms globally, in this year alone, its regulators (VARA) have granted several crypto-focused firms like FTX, Kraken, and OKX regulatory approval to provide virtual assets services to the residents of the country.
