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Dubai Scores Cash for Crypto with the City’s First Bitcoin ATM

Bitcoin ATM Dubai crypto

Dubai, the most populous city of the United Arab Emirates, has just received its maiden bitcoin ATM, giving locals and tourists alike the opportunity to purchase cryptocurrency.

It’s kind of a big deal, considering that Dubai is a city whose locals have a taste for luxury and which boasts landmarks such as one of the world’s largest shopping malls and the world’s tallest building. The bitcoin kiosk, which accepts cash for crypto, is already operational and is located at Rixos Premium, a 5-star hotel in JBR, which is in “the heart of Dubai‚Äôs Jumeirah Beach Residence.”

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UAE Firm Taps Ripple Blockchain RippleNet to Launch Cross-Border Payments

Ripple UAE

RippleNet, the blockchain-based global payment network of Ripple, is set to increase its footprint in the Middle East with a United Arab Emirates-based remittance firm set to unveil cross-border payments using the technology. According to Reuters, the remittance firm UAE Exchange will roll out RippleNet-powered cross-border remittance services to Asia in the first quarter of … Read more