The UAE NBD, a government owned by Dubai, will appear cryptocurrency services through its LIV company from the Digital Bank.
The companies said in a joint advertisement on Thursday that LIV Bank enabled its customers to buy, contract and sell cryptocurrencies on its Live X application in cooperation with Aquanow, which is a licensed encryption asset service provider.
This offer was made on March 5, and the retail customers in the United Arab Emirates enable the circulation of five main encryption assets, including Bitcoin (BTC), Eter (ETH), Solana (Sol), XRP (XRP) and Cardano (Ada), a spokesman for Aquanow.
Crypto service provides CRYPTO services for a prominent coding will, and Zodia Custodian, which is what content A strategic investment from the UAE NBD in late 2024.
A shift towards the adoption of the prevailing encryption in the United Arab Emirates
“The launch of this offer with the UAE NBD is a crucial moment for digital assets in the United Arab Emirates and beyond,” said Aquanow Cointelgraph.
Sham pointed out that one of the most reliable financial institutions in the region adopts encryption, it indicates a broader shift towards the prevailing adoption, adding:
“This cooperation offers how traditional banking assets and digital assets can coexist, providing consumers smooth, safe and compatible with the advanced digital economy.”
Mirwan Hadi, the UAE president in the field of retail, highlighted the group’s commitment to innovation in the context of the increasing dependence of encryption in the country.
“The introduction of the encrypted currency on LIV X is the next step towards the comprehensive vision of Labefa being a pioneer in innovation and excellence. With the highest encryption rate in the United Arab Emirates, we are keen to launch our default assets to take advantage of this direction.”
This is a developing story, and more information will be added when available.
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