Announcements

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…

Oman’s sovereign wealth fund has acquired a $350 million stake in Crusoe Energy Systems – a US company that helps fossil fuel producers reduce gas flaring by using stranded flared gas to power crypto mining. According to Crusoe’s CEO, the first pilot project could be launched by the end of this year. According to Bloomberg,…

Yoshi Markets Limited, the UAE-based multilateral trading facility (MTF) and custodian for virtual assets, has started onboarding clients on its platform. The Yoshi Markets platform will allow traders to open an account with the ADGM-regulated Virtual Assets MTF. As Arabian Business reported, the platform will allow customers to open a trading account directly with the…

Majid Al Futtaim (MAF), a UAE-based shopping conglomerate, has partnered with crypto exchange and blockchain infrastructure provider Binance, that will provide MAF to harness Web3 technologies to future-proof its business. The deal will allow customers to purchase with crypto at MAF’s businesses. Even with the latest decline in the crypto market, blockchain technology is rapidly…