Royal Family of Dubai Company Seed Group Partners With CoinCorner To Facilitate Bitcoin Transactions In The UAE

Seed Group volition assistance CoinCorner grow their operations into the UAE and entree apical decision-makers successful the authorities arsenic good arsenic backstage sectors.

CoinCorner, a planetary person successful Bitcoin and Lightning Network services, has partnered with Seed Group, a institution of the Private Office of Sheikh Saeed bin Ahmed Al Maktoum, to facilitate Bitcoin transactions successful The United Arab Emirates (UAE).

“Apart from individuals, a ample fig of companies are acceptable to clasp Bitcoin and different integer currencies arsenic ineligible tender for aboriginal transactions,” said Hisham Al Gurg, CEO of Seed Group and the Private Office of Sheikh Saeed bin Ahmed Al Maktoum. “The UAE wants to connection a growth-oriented situation to fintech companies by establishing an ecosystem for integer currencies. Companies dealing successful cryptocurrencies clasp immense imaginable successful the Emirates’ integer economy.”

Seed Group volition assistance CoinCorner grow their operations into the Emirates and wider Middle East, marketplace their products and services effectively, scope their audience, and entree the apical decision-makers successful the authorities arsenic good arsenic backstage sectors.

CoinCorner volition beryllium focusing connected establishing a user-friendly level wherever UAE residents tin buy, sell, send, receive, and store bitcoin, arsenic good arsenic connection section businesses solutions to dealing successful bitcoin.

“We are pleased to participate into a mutually beneficial concern with Seed Group,” said Danny Scott, CEO of CoinCorner. “We are committed to making Bitcoin transactions the “new normal” successful the UAE with the assistance of our unsocial solutions, facilitating instant and frictionless payments.”

This concern volition springiness CoinCorner entree to 1 of the fastest increasing economies and further its opportunities to scope retired to prospective clients based successful the Middle East, Africa, and Asia regions.

The UAE is amongst the world's apical 4 countries that are primed for Bitcoin and cryptocurrency adoption, according to a caller survey by Forex. The UAE’s bitcoin and crypto marketplace is the 3rd largest successful the Middle East, with a transaction measurement of astir $26 billion. Over the erstwhile fiscal year, the marketplace determination had grown an astounding 1,500% successful 2020-21.