BlockchainBlockchain is a type of database storing an immutable set of data, verifiable to anyone with access to it —through... is going everywhere, including the Persian Gulf and its countries. This year, NexChange Group, Evolution Group, and EcoX, in alliance with CV VC and CoinAgenda, prepared the great Gulf Blockchain Week in Dubai. During this event, the international and local crypto community gathered to explore the new opportunities given by this technology inside the region. Alfacash is also there to promote digital payments.
The Arab states of the Persian Gulf include Bahrain, Kuwait, Iraq, Oman, Qatar, Saudi Arabia, and the United Arab Emirates. Inside this last country is Dubai, the host of the event. This city is one of the more focused on blockchain worldwide. The last September, indeed, Dubai exempted cryptocurrencies from taxes in its free zone.
During this conference and until October 15th, the attendees can enjoy an NFT physical gallery, a “social knockout” event, networking, and more. As they assured on the official webpage:
“The premiere blockchain conference’s goal is not only to educate wide audiences about blockchain and its benefits, but also to bring together leaders of the industry and bring awareness to the enormously important issue of equality and diversity in business, technology and management today”.
Of course, Alfacash shared there its knowledge about the benefits of crypto payments and how to boost a wider adoption worldwide.
Digital payments are the future
All these states in the Persian Gulf are interested in what blockchain technology could offer, including international payments. Therefore, Alfacash offered a panel about digital payments and processing with blockchain and cryptocurrencies.
According to the third “Global CryptocurrencyA digital currency running on a blockchain and built with cryptography. Contrary to central-bank issued currency, cryptocurrency issuance rules are... Benchmarking Study” by Cambridge, there were at least “101 million unique cryptoasset users across 191 million accounts opened at service providers in Q3 2020″ worldwide. That’s a lot of potential adoption for payments against fiat, which could be easier and safer with crypto payment processors like ALFAcoins.
By using these platforms, issues like volatility, security, and difficulty disappear from the payment process, leaving behind the benefits only. Therefore, digital payment processing is bringing the world closer to a new era. Just like our mission in Alfacash: to include everyone in the financial future with cryptocurrencies, in a fast, easy, and secure way.
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Cheers from the Alfacash team!
