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Senior officials at the Dubai event.
Inayat-ur-Rahman, business editor
The UAE will all see rapid growth in cryptocurrency activity as the country known for innovation and emerging technology will witness more global players doing business in cryptocurrencies and their related activities, thus offering investors more options Exchange choice. According to the latest statistics on the digital economy, the digital economy currently contributes about 4.3% to the UAE’s GDP, equivalent to AED 100 billion (US$ 27 billion).
Saudi Arabia and the UAE are expected to experience the highest growth rates in the coming years.
Hani Asfar, CEO of Gulf Project, said: “GulfCoin is a project developed around the ground-breaking BEP-20 coin to recognize the contribution of the Gulf countries to the adoption of cryptocurrencies. GulfCoin runs on Binance Smart Chain [BSC], developed by a multinational team of some of the world’s most talented people. The Gulf project has successfully entered the cryptocurrency space during this period, and technological innovation is increasing almost every minute. “
“The team is committed to the goal of making it among the most prominent tokens in the industry, and the company is moving forward.” Speaking of his team’s vision, Asfar added: “The vision of the Gulf project is to enable decentralized financial services in Widely known and accessible worldwide. Therefore, the Gulf project is preparing to launch the first Arab cryptocurrency exchange GulfEx in the coming days, which will encourage Arab countries to participate more in the crypto revolution. GULF focuses on Twitter, Telegram and other social media Community on media platforms. GULF wants everyone to be a part of the digital ecosystem by actively participating in the upcoming Web3.”
Asfar also elaborated on his company’s operations in the UAE, saying: “We are pleased to inform that Gulf Coin is currently accepted as a payment method in the following countries – Germany, Dubai, Serbia, Thailand, Mexico and Hong Kong. Users will be as easy to use as a credit/debit card in any of these countries when using Gulf Coin. Individuals can use Gulf Coin to buy drinks or appetizers at vending machines.
Specifically, there will be more than 500 locations in Dubai where token holders can use Gulf Coins. Plans are underway to make Gulf coins available in other countries soon.
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