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Rakbank Offers In-App Crypto Trading for UAE Retail Users


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A bank in the United Arab Emirates, National Bank of Ras Al Khaimah (Rakbank)has introduced a SERVICE ASS SERVICE SERTORS WAIT WERE WISDER, SELL WILL NOT PINOTORURERENCIE directly to their mobile app. I am

According to the July 29 July 29this new feature Allows Dirhams transactionsSo customers can commit without sending money to the outer platforms or change between coins.

As a result, there are no exchange fees or added delay. The service is Currently available from the invitation onlyBut Rakbank said he thinks expanding access in the near future.

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The system is powered by Bitpanda, A Austria’s finishing company. In the UAE, Transactions are handled by Bitpanda Broker Mena DMCCthat is regulated by the virtual authority of Dubai reguladry authorities (Vara).

Bitching infrastructure supports either the execution of trades and custody of assets.

Rakbank CEO RAHEEL has explained that the bank wanted to make the further crypto’s trading for customers. He has emphasized the importance of providing a direct processing and completely regulated for trading trade with local currency.

The launch makes Rakbank the first traditional bank in the UAE to offer this type Crypto service to the general public. Customers can handle their business entirely in the Rakbank app, no need for the Chinese land platforms.

July 28, the PayPal introduced pay with crypto for small businesses in the United States. How you work? Read the full story. I am

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