Sunday, October 17, 2021
HomeNewsDigiByte Collaborates with ZeelaaPay to Spread DGB Awareness in the UAE

DigiByte Collaborates with ZeelaaPay to Spread DGB Awareness in the UAE

DigiByte Foundationannouncement“We are happy to announce that the DigiByte Foundation has entered into a partnership with our Golden Sponsor ZelaaPay to spread DGB awareness and adoption in [the] United Arab Emirates by placing crypto POS around [the] UAE through enterprise merchant deals and by debit (Visa) cards.”

Zelaapay is a major cryptocurrency backed by the UAE government and numerous ruling royal families across the Arab Emirates. Given UAE’s position as a global commerce hub, ZPAE was created to facilitate fiat-to-crypto transactions efficiently and safely. The joint venture is meant to encourage merchants to adopt digital assets as a safer means of transactions, especially in high-volume trades.

According to , the UAE conducts most of its business the traditional way of cash and bank transfers. With a population of 54 million and a cumulative net worth of $3 trillion, ZelaaPay aims to change “the way Emiratis do transactions and manage their wealth.”

As usual, the UAE is leading the way by bringing a change in traditional payment systems among the Gulf Cooperation Council countries.

RELATED ARTICLES

Most Popular