Crypto.com and Standard Chartered Collaboration Global Fiat Service Expansion
2024-08-31Bittime - Crypto.com has just announced a strategic collaboration with Standard Chartered. This collaboration is to expand global fiat services.
The collaboration between the two aims to make it easier for Crypto.com users to access United States Dollars (USD), Euros and United Arab Emirates Dirhams (AED) directly.
Crypto.com Services Managed in Dubai
This global retail service will be managed from Crypto.com's regional center in Dubai and available in 90 countries.
"This is not only a significant step forward in our global expansion plans, but also allows us to provide a world-class customer experience while maintaining the highest levels of security and compliance," said Crypto.com President and COO, Eric Anziani, in an official statement published last Thursday.
Balso: Hedera Hashgraph: Info Terbaru Koin HBAR
Through this service, Crypto.com users can deposit and withdraw fiat currency (the official currency of a country) easily via the Crypto.com application.
The service will begin rolling out next month, starting with users in the UAE and will be expanded to other countries gradually. Standard Chartered Bank will provide “tailored” banking and payment solutions to support these services.
Dubai has been a hub of crypto activity since the emirate launched a special regulatory authority, the Virtual Assets Regulatory Authority (VARA), in 2022.
Crypto.com Becomes One of the First Exchanges to Operate in Dubai
Crypto.com, founded in 2016, was one of the first crypto exchange platforms to obtain regulatory approval to operate in the region.
Crypto.com even set up a regional center and a special unit focused on institutional services in Dubai.
"This collaboration is in line with the UAE National Agenda which emphasizes innovation, economic diversification and knowledge-based economic growth," said Rola Abu Manneh, CEO of Standard Chartered for the UAE, Middle East and Pakistan region.
How to Buy Crypto on Bittime
You can buy and sell crypto assets in an easy and safe way via Bittime. Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti.
To be able to buy crypto assets on Bittime, make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application.
Learn How to Buy Crypto on Bittime.
Monitor price chart movements of Bitcoin (BTC), Ethereum (ETH), Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.
Disclaimer: The views expressed belong exclusively to the author and do not reflect the views of this platform. This platform and its affiliates disclaim any responsibility for the accuracy or suitability of the information provided. It is for informational purposes only and not intended as financial or investment advice.