BipTap and Al Fardan Launch Global Digital Bank in Abu Dhabi
The post BipTap and Al Fardan Launch Global Digital Bank in Abu Dhabi appeared on BitcoinEthereumNews.com. The main goal of this new digital bank is to deliver secure, compliant fiat and crypto services to international customers No public details are available on the licensing but it is likely under Abu Dhabi Global Market or Dubai Financial Services Authority supervision Known for its crypto-on-ramp services, BipTap’s transition to a licensed digital bank would transform these offerings into a regulated, scalable model BipTap (a UAE-based crypto-on-ramp solution) and Al Fardan Ventures (the investment division of the Al Fardan Group) signed an MoU (memorandum of understanding) to launch a global digital bank based in Abu Dhabi. The main goal of this new digital bank is to deliver secure, compliant fiat and crypto services to international customers. This would include crypto-to-fiat on and off ramps, international payments, and DeFi and digital asset solutions. No public details are available on the licensing, but since it’s in Abu Dhabi, it’s probably a part of the city’s and country’s push toward digital finance innovation and likely under ADGM (Abu Dhabi Global Market) or DFSA (Dubai Financial Services Authority) supervision. Known for its crypto-on-ramp services, BipTap’s transition to a licensed digital bank would transform these offerings into a regulated, scalable model. Jonathan Low, CEO of BipTap, shared his thoughts on the partnership saying: “This isn’t just a digital bank. It’s a financial revolution. By combining Abu Dhabi’s strategic location and Al Fardan Venture’s legacy in high-tech innovation and banking relationships all across the UAE and Middle East, with Biptap’s plug-and-play scalable infrastructure, we are democratizing banking access for the 21st century and beyond.” Abu Dhabi’s digital rise This isn’t the only recent development in Abu Dhabi’s digital finance ecosystem. For instance, ADGM signed a MoU with Libre Capital and First Abu Dhabi Bank to pilot on-chain RWA lending, which is a key building block of fully…
The post BipTap and Al Fardan Launch Global Digital Bank in Abu Dhabi appeared on BitcoinEthereumNews.com.
The main goal of this new digital bank is to deliver secure, compliant fiat and crypto services to international customers No public details are available on the licensing but it is likely under Abu Dhabi Global Market or Dubai Financial Services Authority supervision Known for its crypto-on-ramp services, BipTap’s transition to a licensed digital bank would transform these offerings into a regulated, scalable model BipTap (a UAE-based crypto-on-ramp solution) and Al Fardan Ventures (the investment division of the Al Fardan Group) signed an MoU (memorandum of understanding) to launch a global digital bank based in Abu Dhabi. The main goal of this new digital bank is to deliver secure, compliant fiat and crypto services to international customers. This would include crypto-to-fiat on and off ramps, international payments, and DeFi and digital asset solutions. No public details are available on the licensing, but since it’s in Abu Dhabi, it’s probably a part of the city’s and country’s push toward digital finance innovation and likely under ADGM (Abu Dhabi Global Market) or DFSA (Dubai Financial Services Authority) supervision. Known for its crypto-on-ramp services, BipTap’s transition to a licensed digital bank would transform these offerings into a regulated, scalable model. Jonathan Low, CEO of BipTap, shared his thoughts on the partnership saying: “This isn’t just a digital bank. It’s a financial revolution. By combining Abu Dhabi’s strategic location and Al Fardan Venture’s legacy in high-tech innovation and banking relationships all across the UAE and Middle East, with Biptap’s plug-and-play scalable infrastructure, we are democratizing banking access for the 21st century and beyond.” Abu Dhabi’s digital rise This isn’t the only recent development in Abu Dhabi’s digital finance ecosystem. For instance, ADGM signed a MoU with Libre Capital and First Abu Dhabi Bank to pilot on-chain RWA lending, which is a key building block of fully…
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