Seed Group Partners With Coincorner To Facilitate Bitcoin Transactions In The UAE
CoinCorner, a leading name in Bitcoin and Lightning Network facilities, has teamed with Sheikh Saeed bin Al Maktoum’s Private Office’s Seed Group to enable Bitcoin trades in the United Arab Emirates (UAE).
Hisham Al Gurg, CEO of Seed Group and the Private Office of Sheikh Saeed bin Al Maktoum, stated, “In addition to people, a substantial number of enterprises are prepared to accept Bitcoin as well as other cryptocurrencies as legal money for future deals. By creating a platform for cryptocurrencies, the UAE hopes to provide a growth-centered environment for fintech enterprises. The digital economy of the Emirates is ripe for the development of cryptocurrency-related businesses.”
Seed Group will assist CoinCorner in expanding their business into the Emirates and the greater Middle East, successfully marketing their goods and services, reaching their intended audience, and gaining access to the most influential government and commercial sector decision-makers. CoinCorner will concentrate on building a consumer-friendly platform where UAE citizens may buy, sell, remit, receive, and hold bitcoin, in addition to providing local companies with options for transacting in bitcoin.
Danny Scott, the chief executive officer of CoinCorner, stated, “We are excited to join into a mutually advantageous partnership with Seed Group. We are determined to make Bitcoin trades the “new normal” in the UAE by allowing quick and seamless transactions with our innovative solutions.”
This cooperation will expand CoinCorner’s potential to contact new customers in the Middle East, Africa, and Asia by expanding CoinCorner’s connectivity to one of the rapidly expanding economies. Based on a new Forex analysis, the UAE is one of the top four nations in the world where Bitcoin and cryptocurrency acceptance is most likely to occur. The bitcoin and cryptocurrency market in the UAE is the third biggest in the Middle East, with over $26 billion in trading volume. In 2020-21, the market had increased by a staggering 1,500% on a y-o-y basis.