CornerCornera global leader in Bitcoin and Lightning Network services, has partnered with Seed groupa company in the private practice of Sheikh Saeed bin Ahmed Al Maktoum, to facilitate Bitcoin transactions in the United Arab Emirates (UAE).
“Apart from individuals, a large number of businesses are ready to adopt Bitcoin and other digital currencies as legal tender for future transactions,” said Hisham Al Gurg, CEO of Seed Group and Sheikh Saeed bin Private Office. Ahmed Al Maktoum. “The UAE wants to provide a growth-oriented environment for fintech companies by establishing an ecosystem for digital currencies. Businesses that deal in cryptocurrencies have huge potential in the digital economy of the Emirates. ”
Seed Group will help CoinCorner expand its operations in the Emirates and the Greater Middle East, effectively market its products and services, reach its audience, and access key decision makers in government as well as the private sector.
CoinCorner will focus on creating a user-friendly platform where UAE residents can buy, sell, send, receive, and store bitcoins, as well as provide solutions for local businesses to trade bitcoins.
“We are delighted to enter into a mutually beneficial partnership with Seed Group,” said Danny Scott, CEO of CoinCorner. “We are committed to making Bitcoin transactions the ‘new normal’ in the UAE using our unique solutions, facilitating instant and frictionless payments.”
This partnership will give CoinCorner access to one of the fastest growing economies and expand its opportunities to reach potential customers based in the Middle East, Africa and Asia regions.
According to a recent study by Forex, the United Arab Emirates is among the top four countries in the world ready to adopt Bitcoin and cryptocurrency. The UAE bitcoin and crypto market is the third largest in the Middle East, with a trading volume of around $26 billion. In the previous fiscal year, the market there grew by an astonishing 1,500% in 2020-2021.