{"id":44944,"date":"2025-01-09T07:12:56","date_gmt":"2025-01-09T07:12:56","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/new-partnership-brings-crypto-com-and-dubai-islamic-bank-together\/"},"modified":"2025-01-09T07:12:56","modified_gmt":"2025-01-09T07:12:56","slug":"new-partnership-brings-crypto-com-and-dubai-islamic-bank-together","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/new-partnership-brings-crypto-com-and-dubai-islamic-bank-together\/","title":{"rendered":"New Partnership Brings Crypto.com and Dubai Islamic Bank Together"},"content":{"rendered":"

(Originally posted on : Crypto News – iGaming.org )<\/b>
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Crypto.com has partnered with Dubai Islamic Bank (DIB) to expand cryptocurrency services in the United Arab Emirates and across the Gulf Cooperation Council (GCC) region. This collaboration seeks to align Islamic finance principles with the evolving world of cryptocurrency, enhancing accessibility and utility for users in the region.<\/p>\n

Under the memorandum of understanding (MoU), the partnership will integrate Crypto.com\u2019s App and Card with DIB\u2019s banking services. This includes the development of cryptocurrency payment systems, customer reward programs, and support for fiat currency transactions on Crypto.com\u2019s platform. These efforts aim to simplify financial management for users while ensuring compliance with Sharia principles.<\/p>\n

The collaboration also explores advanced financial solutions, such as tokenized Islamic sukuks and real-world asset tokenization, combining traditional Islamic banking with modern financial technologies.<\/p>\n

This collaboration builds on Crypto.com\u2019s recent efforts to establish a stronger presence in the GCC region. The company recently acquired Orion Principals, a firm regulated by the Abu Dhabi Global Market (ADGM), and introduced the AED Wallet, enabling deposits and withdrawals in the local currency.<\/p>\n

Crypto.com\u2019s partnership with Mastercard<\/a> <\/strong>to issue prepaid debit cards further enhances its regional offerings, broadening payment options for its growing user base. These initiatives demonstrate the company\u2019s commitment to advancing digital financial solutions tailored to the region\u2019s needs.<\/p>\n

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DIB\u2019s Digital Transformation<\/h3>\n

Dubai Islamic Bank has been actively investing in digital transformation. In 2023, it adopted the HPE GreenLake platform to modernize its banking systems, reflecting a focus on integrating cutting-edge technology to improve customer services.<\/p>\n

This partnership with Crypto.com adds another layer to DIB\u2019s innovation strategy, allowing the bank to explore cryptocurrency while remaining grounded in the principles of Islamic finance.<\/p>\n<\/p><\/div>\n

Source link <\/a>
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(Originally posted on : Crypto News – iGaming.org ) Crypto.com has partnered with Dubai Islamic Bank (DIB) to expand cryptocurrency services in the United Arab Emirates and across the Gulf Cooperation Council (GCC) region. This collaboration seeks to align Islamic finance principles with the evolving world of cryptocurrency, enhancing accessibility and utility for users in […]<\/p>\n","protected":false},"author":6,"featured_media":44070,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[34],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/44944"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=44944"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/44944\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/44070"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=44944"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=44944"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=44944"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}