Tag "blockchain"

Is Fintech The Answer to Costly Fees for Cross Border Remittances in MENA?

It is very common in the Gulf Cooperation Council (GCC) part of the Middle East North Africa (MENA) region for expatriate workers to send money back to their native countries to support dependents. If anything, these cross-border remittances are the

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The UAE’s Fast-Expanding Crypto, Blockchain Ecosystem Now Comprises 1400+ Stakeholders

The United Arab Emirates (UAE) has one of the fastest-growing cryptocurrency ecosystems in the world, home today to over 1,400 industry stakeholders comprising startups, professional services firms, academia and government offices that employ more than 7,000 people, a new report

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Tel Aviv Stock Exchange to Establish a Digital Asset Platform

The Tel Aviv Stock Exchange (TASE) has published its new strategy for the years 2023-2027, including plans to venture into cryptocurrencies and create a new blockchain-enabled digital asset platform. The bourse says it will promote the implementation of innovative technologies

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How to Buy Cryptocurrencies in the UAE

The cryptocurrency market has had a wild year. Market capitalization jumped 750% between January 2020 and February 2021 to reach an all-time high of US$1.7 trillion. In this timeframe, the price of bitcoin surged more than 600% to surpass 57,000

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UAE Sees Rapidly Expanding Blockchain Ecosystem

The blockchain ecosystem in the United Arab Emirates (UAE) is home to more than 120 blockchain companies and 40 government entities covering 200-plus initiatives, according to a new whitepaper by the World Economic Forum (WEF) produced in collaboration with the

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Saudi Arabian Bank Launches Blockchain-Based Cross-Border Payments System

At the Financial Sector Conference last month in Riyadh, Saudi Arabia, Saudi British Bank (SABB), one of the five largest banks by deposits in the country, announced the launch of a real-time cross-border transfer service based on the Ripple blockchain

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After Banning Crypto Saudi Arabia Plans Central Bank Digital Currency

After banning the trading of cryptocurrencies, Saudi Arabia is now developing a blockchain-based digital currency in collaboration with the United Arab Emirates (UAE). The central banks of the two countries are planning to run a pilot of a shared digital

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Where to Buy Cryptocurrencies in the UAE

Since the launch of the Bitcoin network in 2009, cryptocurrencies have evolved into a multi-billion-dollar industry. With around 12,000 exchange marketplaces where cryptocurrencies such as bitcoin, ether and others are traded, according to cybersecurity company Carbon Black, the cryptocurrency market

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UAE Fintech Accelerator : 300 Applications

FinTech Hive, the first fintech accelerator in the Middle East, Africa and South Asia (MEASA) region, is gearing up to start its 2018 edition in September, in partnership with Accenture. FinTech Hive has received an overwhelming response of over 300

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Fintech Events in the Middle East to Attend in 2018

Here are selected Fintech Events in the Middle East to attend in 2018. If an important event is missing (there are so many), send us an Email or comment on this post.   15-16 April Seamless Middle East 2018 Dubai

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