27.5 C
London
HomeSector InsightsBanking & FinanceTO ACCELERATE CRYPTO PAYMENTS IN MENA, TARABUT GATEWAY PARTNERS WITH RAIN

TO ACCELERATE CRYPTO PAYMENTS IN MENA, TARABUT GATEWAY PARTNERS WITH RAIN

Abdulla Almoayed
Olivia McHugh
By Olivia McHugh

First ‘directly integrated’ open banking API in MENA’s crypto sector

 

Partnership will enable Rain customers in Bahrain to quickly and easily top-up their crypto wallets via bank transfer through the Rain app

 

Dubai, United Arab Emirates, 14 March 2023: Tarabut Gateway, the largest open banking platform in the MENA region, reveals its new partnership with Rain, the first regulated crypto assets trading platform in the region.

 

The partnership is the company’s first collaboration with a crypto asset service provider. It will bring about faster, cost-effective fiat-to-crypto transactions to Bahrain end-users and enable funding payments directly from user bank accounts without the need to leave Rain’s platform.

 

The new feature will utilise Tarabut Gateway’s open banking payment solutions to facilitate on and off-ramp (fiat-crypto-fiat) transfers for users, dramatically increasing speed and reducing errors associated with traditional bank wire transfers. The introduction of this new feature is in line with Rain’s strategy to provide the most premium and seamless crypto wallet experience for its MENA users.

 

Abdulla Almoayed, Founder and CEO of Tarabut Gateway, said:

“We’re delighted to unveil a solution that aims to make fiat-to-crypto transfers quicker, more secure, and cost-effective – as well as enable such funding methods directly from bank accounts. Our partnership with Rain is a perfect cross-sector synergy, made possible by Bahrain’s advanced open banking ecosystem. Crypto trading, wallets, and other blockchain use cases are natural allies in opening up traditional banking and finance. We are proud to partner with Rain to provide a user-focused approach to crypto services by bringing the advantages of open banking digital solutions.”

Abdulla Almoayed.

Joseph Dallago, Chief Executive Officer of Rain, added:

“Our partnership with Tarabut Gateway unlocks a new era for crypto assets adoption in the region. Through quick and efficient deposit mechanisms, crypto traders on Rain’s platform will now be able to seamlessly fund their accounts and capitalize on market movements. The integration with Tarabut Gateway cements Rain’s premium product offering in the region.”

Joseph Dallago.

With Rain, Tarabut Gateway has added another dedicated partner to its fintech client base, further strengthening the company’s vital role in MENA’s open banking ecosystem. Tarabut Gateway provides the connectivity for data and payments to flow between banks and fintechs offering financial services to end users – for a better consumer experience.

 

Through its subsidiary, Rain Management WLL, a licensed crypto assets broker and custodian by the Central Bank of Bahrain (“CBB”), Rain seeks to offer its users a safe and secure space to buy, sell and store crypto assets. The company also provides regular educational opportunities for those interested in learning more about crypto assets.

 

MENA’s crypto sector is growing at a breakneck pace. According to Chainalysis, the MENA region is the world’s fastest-growing cryptocurrency market, with the volume of crypto received in the region jumping 48% in the year to June 2022.

Total
0
Shares
Share 0
Tweet 0
Pin it 0
Share 0
Previous article
Expert Says it is ‘Imperative’ to Tame Toxic Positivity at Work
Next article
RWK Goodman and Bishop Fleming counsels Sterimed on its acquisition of Granton Medical, a leading provider of the UK’s medical packaging solutions

latest articles

explore more

141 COMMENTS

  141. Terms and Conditions El programa de bonos de 1win Colombia te ofrece una amplia variedad de opciones para potenciar tus apuestas en el casino online. De entrada, podrás obtener el 500% en tus primeros 4 depósitos con el bono de bienvenida 1win. Lo mejor de todo es que los fondos bonificados no tienen rollover, así que podrás redimir la cantidad que quieras. El bono del casino se libera en forma de reembolso si sufres pérdidas en slots, como 1win Balloon. El juego «1Win Balloon» está ganando popularidad rápidamente entre los usuarios de Perú, llamando la atención por su jugabilidad única y la oportunidad de ganar dinero utilizando elementos de estrategia y suerte. Muchos usuarios están buscando formas de descargar e instalar este juego, especialmente a través de archivos APK, lo que les permite saltarse las restricciones e instalar el juego directamente en su dispositivo. En esta guía, detallaremos cómo descargar, instalar y usar «1Win Balloon» para que puedas empezar a jugar y divertirte al máximo.
    http://programujte.com/profil/68113-msdetalles/
    Con estos pasos detallados, estarás bien equipado para descargar y utilizar la aplicación 1win o para hacer tus apuestas directamente desde el navegador de tu smartphone, aprovechando al máximo los códigos promocionales disponibles para obtener beneficios adicionales. 1win es un proveedor de apuestas y juegos en línea que funciona desde 2016, siendo una de las plataformas más usadas en Latinoamérica. Podrás disfrutar de un amplio programa de bonificaciones, comenzando con el bono de bienvenida de 1win, que incrementa el 500% de los primeros depósitos. Sigue leyendo para conocer cómo activarlo, así como sus términos y condiciones. Descargar Balloon en Android es rápido y seguro. Solo necesitas un dispositivo compatible y una conexión a Internet. Ya podrás tener todos los juegos y apuestas deportivas en la palma de tu mano, gracias a la 1Win app. Con ella, accederás a más de 10 mil juegos y deportes. Está disponible para Android y iOS, y todavía va más allá: podrás descargar en tu PC si tienes Windows ¿quieres descubrir cómo?

LEAVE A REPLY

Please enter your comment!
Please enter your name here

LawNews.co.uk provides the latest legal news and analysis from around the world

most viewed

useful links

Copyright © 2022 LawNews.co.uk