{"id":62095,"date":"2025-10-30T20:09:02","date_gmt":"2025-10-30T20:09:02","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/gfh-financial-group-picks-binance-pay-for-crypto-services-in-bahrain\/"},"modified":"2025-10-30T20:09:02","modified_gmt":"2025-10-30T20:09:02","slug":"gfh-financial-group-picks-binance-pay-for-crypto-services-in-bahrain","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/gfh-financial-group-picks-binance-pay-for-crypto-services-in-bahrain\/","title":{"rendered":"GFH Financial Group picks Binance Pay for crypto services in Bahrain"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison )<\/b><br \/>\n<\/p>\n<div data-site=\"CoinJournal\">\n<div class=\"-mt-16  mb-8  lg:-mt-20  rounded-md  shadow-md\">\n<div class=\"relative  z-10  post-article-image  rounded  overflow-hidden\" data-site=\"CoinJournal\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2025\/10\/GFH-Financial-Group-picks-Binance-Pay-for-crypto-services-in-Bahrain-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2025\/10\/GFH-Financial-Group-picks-Binance-Pay-for-crypto-services-in-Bahrain-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2025\/10\/GFH-Financial-Group-picks-Binance-Pay-for-crypto-services-in-Bahrain-smartcrop-750x375.png\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2025\/10\/GFH-Financial-Group-picks-Binance-Pay-for-crypto-services-in-Bahrain-smartcrop-363x181.png\" type=\"image\/jpeg\"\/>\n<\/picture>                            <\/div>\n<\/p><\/div>\n<ul>\n<li>GFH App to enable instant crypto-to-fiat payments via Binance Pay.<\/li>\n<li>The partnership boosts Bahrain\u2019s role in GCC digital finance innovation.<\/li>\n<li>Central Bank of Bahrain backs the service with PSP and stablecoin rules.<\/li>\n<\/ul>\n<p>Bahrain\u2019s GFH Financial Group has become the first Islamic investment bank in the Kingdom to integrate cryptocurrency payments directly into its banking app, marking a major milestone in the nation\u2019s digital finance journey.<\/p>\n<p><a href=\"https:\/\/www.zawya.com\/en\/press-release\/companies-news\/gfh-and-binance-launch-bahrains-first-bank-integrated-crypto-payment-solution-ge9xpjy6\">The partnership with Binance Pay<\/a> enables GFH clients to perform real-time crypto-to-fiat transactions, bringing blockchain technology closer to traditional banking in Bahrain.<\/p>\n<h2>A first for Bahrain\u2019s banking sector<\/h2>\n<p>Through this collaboration, GFH customers can now use Binance Pay within the GFH app to fund investments instantly and securely.<\/p>\n<p>The feature allows users to convert digital assets into local currency without leaving the bank\u2019s ecosystem, streamlining what was once a complex process.<\/p>\n<p>This innovation eliminates the need for third-party exchanges for simple conversions, bridging the gap between crypto and conventional finance.<\/p>\n<p>The service is powered by Binance Pay\u2019s infrastructure, ensuring fast and low-cost transactions.<\/p>\n<p>Clients can top up fiat e-wallets, custody both fiat and <a href=\"https:\/\/coinjournal.net\/cryptocurrencies\/buy\/\">cryptocurrencies<\/a>, and complete investment subscriptions within seconds.<\/p>\n<p>For GFH Financial Group, the partnership is a defining step in its digital transformation strategy, designed to enhance accessibility and efficiency for customers managing digital and traditional assets alike.<\/p>\n<h2>Regulatory backing strengthens the launch<\/h2>\n<p>The Central Bank of Bahrain (CBB) has played a crucial role in supporting this advancement.<\/p>\n<p>Earlier this year, it granted BPay Global B.S.C.(c) \u2014 a Binance Group company \u2014 a Payment Service Provider (PSP) license to operate in the Kingdom.<\/p>\n<p>The license enables BPay Global to facilitate fiat and crypto custody, manage e-wallets, and process payments securely under the CBB\u2019s supervision.<\/p>\n<p>In parallel, the CBB introduced a stablecoin framework allowing both USD-backed and Bahraini dinar-pegged stablecoins to circulate in the local market.<\/p>\n<p>This regulatory clarity provides a strong foundation for integrating crypto within the financial system, offering stability and ensuring compliance with international standards.<\/p>\n<p>Financial experts say these policies strengthen Bahrain\u2019s position as a crypto-friendly jurisdiction within the Gulf Cooperation Council (GCC).<\/p>\n<h2>Bridging traditional banking with blockchain<\/h2>\n<p>Osama Nasr, Chief Digital Banking Officer at GFH Financial Group, described the initiative as a transformative step that bridges traditional banking with blockchain technology.<\/p>\n<p>\u201cBy bridging traditional banking with blockchain technology, we are introducing a new era of convenience, security, and accessibility for our customers,\u201d Nasr said.<\/p>\n<p>Nasr emphasised that this integration aligns with GFH\u2019s broader goal of delivering smarter and more connected financial experiences.<\/p>\n<p>From Binance\u2019s side, Tameem Al Moosawi, General Manager of Binance Bahrain, highlighted the partnership\u2019s alignment with Bahrain\u2019s economic vision. \u201c<\/p>\n<p>We are contributing to a more competitive and sustainable digital economy. This partnership not only enhances financial innovation but also fosters digital literacy and positions the Kingdom as a leader in the future of finance,\u201d he noted.<\/p>\n<h2>Regional momentum in crypto integration<\/h2>\n<p>The GFH\u2013Binance partnership reflects a growing trend across the GCC, where financial institutions are increasingly adopting blockchain-based solutions.<\/p>\n<p>In the UAE, Liv Bank, a subsidiary of Emirates NBD, has teamed up with Aqua Now for fiat-crypto settlements, while RAKBANK has partnered with BitPanda to offer similar services.<\/p>\n<p>Together, these developments illustrate how Gulf countries are moving toward harmonising digital assets with established banking systems.<\/p>\n<p>In Bahrain, the combination of regulatory foresight, Islamic finance principles, and fintech innovation has created fertile ground for crypto adoption.<\/p>\n<p>GFH Financial Group\u2019s integration of Binance Pay not only enhances the local banking experience but also signals Bahrain\u2019s readiness to compete as a regional hub for digital finance.<\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><a href=\"https:\/\/coinjournal.net\/news\/gfh-financial-group-picks-binance-pay-for-crypto-services-in-bahrain\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison ) GFH App to enable instant crypto-to-fiat payments via Binance Pay. The partnership boosts Bahrain\u2019s role in GCC digital finance innovation. Central Bank of Bahrain backs the service with PSP and stablecoin rules. Bahrain\u2019s GFH Financial Group has become the first Islamic [&hellip;]<\/p>\n","protected":false},"author":7,"featured_media":62096,"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":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/62095"}],"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\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=62095"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/62095\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/62096"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=62095"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=62095"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=62095"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}