Dubai’s interest in the cryptocurrency business has resulted in a series of platforms expanding into the city-state in recent months. The UAE is among the top four countries in terms of encouraging cryptocurrency usage. The Royal Family of Dubai now appears to be interested in Bitcoin and plans to move in the exact same way. The Royal Family’s Seed Group is said to have partnered with CoinCorner, a famous platform that provides Bitcoin & Lightning Network services. An agreement has been signed in order to increase BTC transactions in the [UAE] United Arab Emirates. Though CoinCorner is a Bitcoin platform centred in the United Kingdom, the Seed Group was interested in helping CoinCorner to expand it.
A Significant Number of Companies Show Interest in BTC
Hisham Al Gurg, CEO of Seed Group and Sheikh Saeed bin Ahmed Al Maktoum’s Private Office, elaborated on the latest collaboration that In addition to individuals, there is a significant number of companies in the market that are eager to accept Bitcoin and other digital currencies as legal tender for future transactions in the online businesses. They hope to build an ecosystem for different digital currencies. All these measures will help provide a growth-oriented environment for fintech enterprises. He said that companies dealing in the cryptocurrency have enormous potential to boost in the digital economy of the United Arab Emirates.
It needs to be highlighted that CoinCorner is developing a system that will be simple for citizens of the United Arab Emirates to use. Furthermore, its UAE customers will be able to purchase, sell, and keep Bitcoin with ease. Additionally, CoinCorner would help local businesses that accept BTC.
Bitcoin is About to Emerge as the “New Normal” in the United Arab Emirates
Over the last few months, the largest global cryptocurrency has experienced significant adjustments. Bitcoin dropped below $20K once earlier this week. At press time, the lord coin was trading at a record low of $18,910. Despite Bitcoins’ prohibitive value, their acceptance did not decline. Seed Group’s latest collaboration with CoinCorner demonstrates this situation that Danny Scott, co-founder of CoinCorner, has joined Dubai waters just at the perfect moment and hopes to increase Bitcoin’s influence all through the United Arab Emirates. Scott went on to say that they are determined to bring Bitcoin transactions to a “new normal” in the United Arab Emirates through their innovative technologies that enable quick and painless payments.
CoinCorner Partners OCFC
A couple of months earlier, Oxford City Football Club (OCFC), among the world’s top popular and sought football clubs, had collaborated with CoinCorner, an Isle of Man-based BTC firm, to accept bitcoins payment. Beginning August 6, customers will be able to purchase tickets, refreshments, and beverages at its RAW Charging Stadium via bitcoins, which would be approved as a substitute for cash and credit cards. Oxford City Football Team (OCFC) became the first football club in the National League to receive Bitcoin match-day payments. CoinCorner has issued a limited-edition Oxford City FC sponsored bolt card, which can be purchased in the club store. CoinCorner will also be a sponsor of the Oxford City uniforms, which will have a BTC logo on both the at-home and away shirts after the season begins on August 6.