Ripple has significantly enhanced its presence in the United Arab Emirates by partnering with two new entities: Zand Bank and fintech firm Mamo, both of which will utilize Ripple’s blockchain-based cross-border payments platform. This strategic move aims to facilitate faster and more cost-effective international transfers using advanced blockchain technology. According to a press release from...
Bitcoin continues to dominate global markets, and a significant indication of this trend comes from Abu Dhabi. The sovereign wealth fund Mubadala has officially announced an investment of $408.5 million in the iShares Bitcoin Trust (IBIT) managed by BlackRock. This move strengthens Bitcoin’s position as a strategic financial asset for institutional investors, revolutionizing the traditional...
Dubai, UAE: The 7th edition of Crypto Expo Dubai is scheduled for May 21–22, 2025, at Zabeel Hall 6 in the Dubai World Trade Centre. This event is a significant gathering for the international blockchain and cryptocurrency ecosystem, promising two days filled with innovation, networking opportunities, and insights into the future of decentralized finance in...
Dubai’s Department of Finance has entered into an agreement with Crypto.com, a global cryptocurrency trading platform, to facilitate the payment of government service fees using cryptocurrency. This agreement was formalized through a Memorandum of Understanding signed at the Dubai FinTech Summit, where senior officials were present. Once the new system is implemented, both individuals and...
Bybit, recognized as the world’s second-largest cryptocurrency exchange by trading volume, has entered into a multi-year strategic partnership with Ghaf Labs, a Web3 advisory and consultancy firm based in the Middle East and North Africa (MENA). The two organizations have signed a Memorandum of Understanding (MOU) aimed at promoting cryptocurrency adoption, developing the ecosystem, and...
Crypto.com, a leading global regulated cryptocurrency exchange licensed by the UAE’s Dubai Virtual Asset Regulatory Authority (VARA), has partnered with Emarat Energy, which operates over 155 gas stations throughout the UAE, to introduce cryptocurrency payment options. This initiative aims to enhance the utility of digital assets in the region. According to a post on LinkedIn,...
Crypto.com, a leading global regulated cryptocurrency exchange licensed by the UAE’s Dubai Virtual Asset Regulatory Authority (VARA), has formed a partnership with Emarat Energy. Emarat operates over 155 gas stations throughout the UAE and will now offer customers the option to make payments with cryptocurrency. The expansion of this service is contingent on regulatory approvals...
The UAE recently hosted one of the largest crypto events globally, Token2049, which attracted a record 15 000 attendees to Madinat Jumeirah. This conference alternates between Dubai and Singapore and is named after the sci-fi movie Blade Runner 2049. The venue was packed, showcasing the growing interest in the cryptocurrency sector. Despite facing significant challenges...
Ripple Labs, a cryptocurrency company based in San Francisco, has announced its plans to expand operations in the UAE after receiving approval to operate from the Dubai Financial Services Authority (DFSA). The DFSA licensed Ripple in March, marking the company as the first blockchain payments provider to achieve this status in Dubai. Currently, one in...
The world’s largest cryptocurrency event, Token2049, took place in Dubai at the Madinat Jumeriah Resort from April 30 to May 1. The conference attracted around 15 000 participants from more than 160 countries and featured over 200 speakers, which included industry leaders, policymakers, and innovators. The event began early, with a DJ spinning tracks before...