Transforming Digital Asset Management with Emirati Dirham
MetaMask, a leader in digital wallets, has partnered with Onramp Money, marking a significant milestone in the cryptocurrency landscape of the United Arab Emirates (UAE). This integration allows MetaMask users in the UAE to buy over 300 digital assets with Emirati Dirham (AED) directly through the MetaMask mobile app and Portfolio Dapp, facilitated by instant bank transfers.
Simplifying Crypto Transactions in the UAE
The process of buying and selling crypto in the UAE, traditionally constrained by the limitations of credit and debit card transactions, has been transformed. Onramp Money’s integration provides a seamless, fast, and secure method to access web3 and acquire tokens conveniently, without the need to navigate the complexities of centralised crypto exchanges.
AED Support: Enhancing User Experience
This collaboration is a stride towards simplifying digital asset transactions for users in the UAE. By enabling AED support within MetaMask, users now have a more convenient and efficient on-ramp experience, aligning with the region’s increasing adoption of cryptocurrency.
Dubai: The Epicenter of Crypto Adoption
Dubai has emerged as a leading light in the global cryptocurrency landscape, particularly in the Middle East and North Africa region. Its high adoption rates, bolstered by supportive legislative policies and a growing interest in digital currencies, make it a hotspot for crypto businesses and enthusiasts.
The Evolving Web3 Ecosystem in Dubai
Dubai’s Web3 ecosystem is diverse and expansive, covering protocols, infrastructure, DeFi, exchanges, NFT platforms, the Metaverse, and Web3 games. The city has become a magnet for top cryptocurrency projects, thanks to its conducive environment for innovation and growth in digital assets.
The UAE’s Growing Appetite for Digital Assets
Recent surveys highlight a significant shift in the UAE’s perspective towards cryptocurrencies. A growing number of users view digital assets as efficient tools for cross-border remittances, payment transactions, and daily shopping. The willingness to use crypto cards and accept cryptocurrency for salaries and gifts indicates a transition from speculative interest to practical application.
Dubai’s Unique Position in the Crypto Industry
Dubai’s unique advantages, including its ability to attract capital and robust financial infrastructure, make it an ideal hub for cryptocurrency innovation. 53% of respondents recognize Dubai’s potential in providing resources for crypto startups, while 46% acknowledge its solid financial base as pivotal for the growth and trust in the cryptocurrency sector.
The integration with Onramp Money in MetaMask to support Emirati Dirham (AED) is a pivotal development for the cryptocurrency industry in the UAE, especially in Dubai. It signifies a major leap in making digital asset transactions more accessible, efficient, and integrated into everyday financial activities.
About Onramp Money
Onramp.money is a leading provider of fiat-to-crypto onramp solution, offering a seamless and secure way for users to trade cryptocurrencies using their fiat currencies. Prioritising user experience and safety, Onramp.money delivers a fast, dependable, and secure platform that caters to both the purchase and sale of cryptocurrencies.
