Announcements

The Ministry of Tourism in Saudi Arabia plans to give personalized NFTs to each delegate at the 116th Executive Council of the United Nations World Tourism Organization (UNWTO) in Jeddah, Aljoharah Al-Mogbel, Digital Transformation General Manager at the Ministry of Tourism, announced. As she told Arab News, each delegate would receive a gift box containing…

Dubai-based Binghatti company Developers announced selling real estate for cryptocurrency, becoming the second developer in the UAE to accept digital payments this year. The company plans to protect its customers from market volatility through an especial payment process. Eng. Muhammad Binghatti, CEO of Binghatti Developers, told Khaleej Times in an interview: “We are going to…

Cronos, the DeFi and Web3 gaming-focused blockchain network by Crypto.com, has launched the Cronos Accelerator Program aiming to help developers and builders accelerate the ecosystem’s growth. The Cronos Accelerator Program is funded by the $100 million Cronos Labs Ecosystem Fund to provide investments and guidance to early-stage blockchain projects. The Cronos Accelerator Program is funded…

Pallapay, a global company that offers crypto exchange services, announced the launch of its Crypto POS Machine service in Dubai, which allows its clients to accept crypto payments without owning crypto. Pallapay’s clients now can accept payments in Bitcoin, Tether, USDC, Tron, and Palla Token directly into their fiat bank accounts in AED, USD, Euro,…

Al Jalila Foundation, a Dubai-based non-government organization (NGO), has received approval to accept charitable donations in cryptocurrencies, becoming UAE’s first healthcare charity accepting donations in crypto. The NGO is also a member of the recently created the Mohammed Bin Rashid Al Maktoum Global Initiative. The foundation has already partnered with a leading crypto platform on…

The Dubai-based real estate developer, DAMAC Properties, has completed cryptocurrency deals worth $50 million since the beginning of 2022, the company’s COO Ali Sajwani revealed. In his interview, Sajwani said by accepting either Bitcoin or Ethereum as payment, DAMAC has shown the extent to which his company will go in order for it to “benefit…