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CATEGORY: coincorner


Sep 22, 2022 10:35

CoinCorner Partners with Al Maktoum Family Office to Offer BTC Trading in UAE


CoinCorner has inked a strategic partnership with the Seed Group to offer residents of the United Arab Emirates an avenue to transact in digital currencies. (Read More)

CoinCorner partners Seed Group to offer Bitcoin trading in UAE

Author: noreply@blogger.com (Unknown)
United States
Sep 21, 2022 11:10

CoinCorner partners Seed Group to offer Bitcoin trading in UAE

Cryptocurrency exchange platform CoinCorner and Seed Group, a firm owned by the royal family of Sheikh Saeed bin Ahmed Al Maktoum of the United Arab Emirates, are teaming up to offer Bitcoin trading in the UAE, across the Middle East.

This is huge news for the crypto industry, especially with Dubai’s increasing stature as a global destination for companies in the digital assets space.

CoinCorner to bring instant Bitcoin transaction to UAE

The strategic partnership between the British financial services provider and the Al Maktoum family office was announced via a press release both companies published on Wednesday.

We are excited to announce our partnership with Seed Group, a company of the Private Office of Sheikh Saeed bin Ahmed Al Maktoum, to facilitate #Bitcoin transactions in the UAE ????

Read the full announcement on our blog… https://t.co/5rNvGgIFSJ

— CoinCorner ?? Buy Bitcoin at CoinCorner.com (@CoinCorner) September 21, 2022

The deal will help Seed Group support CoinCorner’s operations in the country, with the crypto exchange setting up a user-friendly trading desk to allow for easy access to services. The platform will allow UAE residents to buy, sell, and store Bitcoin (BTC)among other transactions, the two firms noted in the announcement.

Danny Scott, co-founder of CoinCorner, commented:

“We are pleased to enter into a mutually beneficial partnership with Seed Group. The collaboration will help propel our business interests and goals in the MENA region through the group’s support and a strong base of regional connections.”

Isle of Man-based CoinCorner launched its operations in 2014. In January 2021, the platform added support for Lightning Network, a Bitcoin scaling solution developed to allow for faster and cheaper BTC transactions amid the push for greater mass adoption.

According to Scott, the partnership will help CoinCorner bring Bitcoin to more people, making the BTC transactions the “new normal” across the UAE and the Middle East.The exchange could tap into its suite of unique solutions, including the recently announced Bolt Card to offer access to instant and frictionless Bitcoin payments.

The post CoinCorner partners Seed Group to offer Bitcoin trading in UAE appeared first on Invezz.



from Cryptocurrency – Invezz

Sep 21, 2022 08:50

Dubai Royal Family Joins With CoinCorner Platform

The recent partnership will promote Bitcoin transactions across the UAE. CoinCorner will be able to expand its activities throughout the

Sep 21, 2022 09:45

Royal Family of Dubai Company Seed Group Partners With CoinCorner To Facilitate Bitcoin Transactions In The UAE

Seed Group will help CoinCorner expand their operations into the UAE and access top decision-makers in the government as well as private sectors.

Aug 05, 2022 09:23

Oxford City FC partners with CoinCorner to accept Bitcoin

English National League Club, Oxford City Fc, has announced the acceptance of Bitcoin for matchday payment. The development emanated from the football club’s partnership with [...]

Aug 05, 2022 09:22

Oxford City Football Club To Accept Bitcoin In Partnership With CoinCorner

Fans of the team will be able to purchase food, drinks and tickets with bitcoin at Oxford City’s stadium and CoinCorner will become a multi-year sponsor.

May 18, 2022 01:25

CoinCorner Released A Lightning NFC Card For Bitcoin

CoinCorner released the Bolt Card, a contactless NFC card that works similar to the tap function for Visa, but on the Bitcoin Lightning Network.

Light Speed: Kraken, Another Giant Exchange Integrates The Lightning Network

Author: Eduardo Próspero
United Kingdom
Apr 02, 2022 04:45

Light Speed: Kraken, Another Giant Exchange Integrates The Lightning Network

This is huge! Kraken now supports Lightning Network deposits and withdrawals. The suddenly popular second Layer protocol keeps growing and gaining importance. “Finally, traders have an instant and inexpensive way to move bitcoin on and off the platform,” Kraken said in their official announcement. The Lightning Network is much more than that, though.  What will happen once Kraken’s extensive clientele tries out Lightning transactions? Will the phenomenal experience change the way they see bitcoin? The second layer solution can perform millions of operations per second and all transactions cost pennies and offer final settlement. In using it, there are also privacy gains. The huge innovation, though, is the cash-like experience.  The Kraken integration comes with a Lightning node of their own. To implement it, the company used LND by Lightning Labs. The reason is that “they have the largest user base and we have a lot of people on the network that have lots of experience with LND. So it has proven to be easy to use and very reliable as well.” That’s according to Kraken’s bitcoin product manager, Pierre Rochard, who also said to Bitcoin Magazine:  “Adoption is going to come from people who have fiat in their bank account, and they need to get it into Bitcoin. Kraken is providing an excellent venue for them to do that, and then they can top up their mobile Lightning wallet and use it as a medium of exchange. That’s clearly the next step in terms of Bitcoin’s evolution.” Designed with this and the cash-like experience in mind, Kraken limits Lightning deposits and withdrawals to 0.1 BTC. BTC price chart for 04/02/2022 on Binance | Source: BTC/USD on TradingView.com Kraken Announced Lightning Network Integration In 2020 Even though this looks like it magically happened, the integration had been in the works for a while. In 2020, Kraken stated its intentions: “In 2021, we are committed to hiring a team to focus specifically on the Lightning Network, as part of our continuing effort to deliver the best possible experience for traders and investors. We expect to allow clients to withdraw and deposit Bitcoin on Lightning in the first half of 2021, which will allow clients to move their Bitcoin instantly and with the lowest fees.”  It took a while, but it’s finally here. Market-wise, will this move the needle in favor of bitcoin? Will the world even notice? According to this list, Kraken became the 23rd exchange to support the Lightning Network. Among the giant ones already on board are Bitfinex, OKEx, OKcoin, BitMex, and Bitstamp. Among the up-and-coming ones, BullBitcoin, Buda, CoinCorner, Kollider, and Boltz. This also means, that you're able to instantly move the lightning payment you received to @krakenfx to exchange it for fiat, basically reducing the currency exchange risk to zero.This completely changes the dynamic for fiat brick and mortar stores.https://t.co/bpNzKC7ZDL — zero fee routing ? (@zerofeerouting) March 31, 2022 And, since we’re on lists, in their announcement Kraken provided Lightning wallet recommendations:  “For example, BTCPay Server enables Lightning payments for merchants, greatly improving the bitcoin checkout flow. For consumers, Breez, Phoenix and Muun bring Lightning to mobile with a modern user experience.” As to the importance of the move for markets and business, a pseudonymous Lightning node operator that goes by “zero fee routing” puts everything in perspective. “This also means, that you’re able to instantly move the lightning payment you received to Kraken to exchange it for fiat, basically reducing the currency exchange risk to zero. This completely changes the dynamic for fiat brick and mortar stores.” Attacking The ESG FUD Head On The increase in Lightning Network adoption also brings a great opportunity with it. The community could clean up the disgusting ESG-based narrative enemies of bitcoin have been planting in mainstream media. Regarding this, in the already quoted interview Kraken’s Pierre Rochard said:  “With Lightning, you can send a payment off-chain that is much more energy efficient, not only because you’re not adding the miner fees, and thus the amount of electricity consumption by miners, but also because that payment only has to be stored and shared by the two parties in that channel.” Do Greenpeace and Ripple not know that most bitcoin transactions are going to be off-chain in a few years? Do they not know that the Lightning Network alone will take bitcoin out of the conversation its enemies have been carefully manufacturing? Kraken certainly knows. And took action.  Speaking about Kraken, its CEO Jess Powell has been present on the news lately. He recommended buying bitcoin below $40K. During the Canadian crisis, he hinted that bitcoiners should take their funds out of centralized exchanges. And he refused to voluntarily ban Russian users, providing a convincing rationale to justify Kraken’s actions. And now, his company integrated the Lightning Network. Featured Image by Ferhat Deniz Fors on Unsplash | Charts by TradingView

Nov 24, 2021 01:30

Solving Bitcoin's Self-Custody Problem

The cofounder of the U.K.'s longest-running Bitcoin exchange discusses his journey in Bitcoin and the importance of self custody.

Oct 05, 2021 01:35

Bitcoin Exchange CoinCorner Acquires Customer Base, Domains Of Coinfloor

The U.K.-based exchanges agreed to move Coinfloor customers over to CoinCorner "to further bitcoin adoption."

UK-based CoinCorner is now a carbon neutral Bitcoin exchange

Author: CryptoNinjas.net
Ethiopia
Sep 30, 2021 08:40

UK-based CoinCorner is now a carbon neutral Bitcoin exchange

CoinCorner, a UK-focused bitcoin exchange? company, announced that it is now carbon-neutral. The carbon-neutral project was conducted by the company’s in-house research team and aims to offset all emissions produced by CoinJar, both directly and indirectly. “The Bitcoin industry has received criticism over the years with regards to the energy usage around Bitcoin mining. Bitcoin […]

The post UK-based CoinCorner is now a carbon neutral Bitcoin exchange appeared first on CryptoNinjas.

CoinCorner is now a carbon neutral Bitcoin exchange

Author: CryptoNinjas.net
Ethiopia
Sep 30, 2021 05:05

CoinCorner is now a carbon neutral Bitcoin exchange

CoinCorner, a UK-focused bitcoin exchange? company, announced that it is now carbon-neutral. The carbon-neutral project was conducted by the company’s in-house research team and aims to offset all emissions produced by CoinCorner, both directly and indirectly. “The Bitcoin industry has received criticism over the years with regards to the energy usage around Bitcoin mining. Bitcoin […]

The post CoinCorner is now a carbon neutral Bitcoin exchange appeared first on CryptoNinjas.

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