EazyPay Launches Crypto Payments via Binance Pay for the First Time in the ME
Eazy Financial Services EazyPay, a Bahraini financial institute specialized in Point-of-Sale (POS) & Online Payment Gateway Acquiring services licensed & regulated by the Central Bank of Bahrain, has recently announced its strategic partnership with Binance, the global leader in blockchain & cryptocurrency platform. The partnership highlights the acceptance of cryptocurrency payments using “Binance Pay” over “EazyPay” […]
Million, the Platform Restructuring the Creator Economy in the Middle East
Million, the new SocialFi platform is set to launch by the end of 2022, with the aim to disrupt the content creation ecosystem in the Middle East and usher it into a golden age. Million is a social media application that holds a unique market position sitting at the intersection of community, the creator economy […]
Yas Island, Aldar to Launch Metaverse in 2023, Virtual Real Estate for Sale
Abu Dhabi’s Yas Island is set to launch a metaverse in the first quarter of 2023, according to Arabian Business. The project will be led by real estate developer and investment firm Aldar Properties, the source said, adding that Yas Island’s new metaverse will allow users to buy property in the always-on virtual space. The announcement […]
Binance Secures MVP License from Dubai’s Virtual Assets Regulatory Authority
Binance, the leading global blockchain services provider, has announced today that it has received the Minimal Viable Product (MVP) license from Dubai’s Virtual Asset Regulatory Authority (VARA), following the issuance of its provisional license in March 2022. The MVP license means that Binance can offer an approved range of virtual asset related services to suitably […]
The UAE to Simulate Planned Mars Manned Mission in the Metaverse
Mohammed bin Rashid Space Centre (MBRSC) today announced its support in the development of the Metaverse that will simulate the UAE’s manned 2117 Mars mission. This first-of-its-kind project will be led by BEDU, Dubai’s foremost pioneer in Web3 technologies and solutions. Formalized through a memorandum of understanding, the 2117 Metaverse project will involve close collaboration […]
HSBC Executes First Blockchain Transaction for Middle East’s Automotive Sector
HSBC has executed a blockchain-enabled, trade finance transaction between Chinese car manufacturer SAIC Motor and the Taajeer Group, Saudi Arabia’s exclusive agent for MG cars. The transaction was conducted on the Contour platform and became the region’s first for the automotive sector. The Contour platform enabled end-to-end digitization of the credit documentation required for Taajeer to […]
Saudi Central Bank Governor Makes a Statement, as Kingdom advances in Blockchain and Crypto
Saudi Central Bank Governor, Fahd Almubarak, said that it is unlikely that central banks’ digital currencies will replace fiat money or current payment systems, but will rather play an integrative role with other forms of traditional cash and other payment systems, according to Bloomberg’s tweet. This being said, it is clear that the blockchain and […]
Dubai-based FTX Exchange FZE’s Parent Company Secures License to Expand in Europe
FTX Exchange FZE, the first Virtual Asset Service Provider (VASP) to receive the MVP license to operate its Virtual Asset (VA) Exchange and Clearing House services in Dubai, announced that its parent company, FTX Europe, has received approval from the Cyprus Securities and Exchange Commission (CySEC), to operate as a Cyprus Investment Firm (CIF) allowing […]
First Virtual Saudi National Day Celebrations to be Held in Metaverse
A virtual celebration for Saudi Arabia’s National Day will be held on a Metaverse platform for the first time ever. Online festivities will include a computer-generated museum showcasing Saudi heritage from different areas of the Kingdom. Players can purchase non-fungible token (NFT) outfits for their virtual avatars modeled on traditional Saudi attire from various regions. […]
Nostraverse to Launch UAE Subsidiary, Hire over 100 employees for Metaverse Project
Nostraverse, a Metaverse app that was released in the Oculus Store earlier this year, is set to imminently open a subsidiary in the UAE, as blockchain and crypto projects continue to flock to the Emirates. The leading B2B2G Metaverse Gateway and Transformation Partner emphasized that it will be opening its Dubai subsidiary in October to […]