A partnership has just been established between CoinCorner and Seed group. CoinCorner is a global leader in Bitcoin services and Lightning Network while Seed Group is a company in Sheikh Saeed bin Ahmed Al Maktoum’s private office. This collaboration aims to facilitate Bitcoin transactions in the United Arab Emirates (UAE).
Thus, blockchain technology and cryptocurrency are not new to the UAE, the oil-rich conglomerate has already been involved in the cryptosphere for a few years.
For its part, CoinCorner is a crypto-exchange platform based in the Isle of Man. Founded in 2014, it was one of the first places in the UK to offer its users and customers the possibility to buy Bitcoin. This time, it will be in the UAE to benefit from its services.
Therefore, Dubai is already the world leader in terms of digital skills transformation. This collaboration between the royal family and CoinCorner will confirm the UAE’s position as a major investor in cryptocurrency.
CoinCorner will focus on building a user-friendly platform
Hisham Al Gurg, CEO of Seed Group said:
“In addition to individuals, a large number of businesses are ready to adopt Bitcoin and other digital currencies as legal tender for future transactions.”
“The UAE wants to provide a growth-oriented environment for fintech companies by establishing an ecosystem for digital currencies. Companies dealing with cryptos have huge potential in the UAE’s digital economy. “
According to the press release, Seed Group will help CoinCorner expand its business in the Emirates and across the Middle East. Concretely, it will help :
- To reach the right audience,
- To access key decision makers in government and the private sector
- To effectively market its bitcoin transaction solutions and lighting services in the region.
CoinCorner will then focus on building a user-friendly platform where UAE residents can buy, sell, send, receive, and store bitcoins. In other words, it will provide local businesses with solutions to process cryptocurrencies.
This partnership will promote access to one of the fastest growing economies and provide new opportunities to reach potential customers based in the Middle East, Africa and Asia.
Danny Scott, co-founder of CoinCorner, said:
“We are pleased to enter into a mutually beneficial partnership with Seed Group…. We are committed to making Bitcoin transactions the ‘new normal’ in the UAE with our unique solutions facilitating instant and frictionless payments.