E-currency makes its way in the UAE

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GMT 11:52 2015 Saturday, January 31 : Latest Update

Fast and safe alternative to the traditional exchange of cash

E-currency makes its way in the UAE

 

 

I found currencies companies Bitcoin electronic way to the UAE market, and the convergence of positive echoes, through adoption of individuals, companies and its own very way E.

 

igot.com one of the companies based on currency exchanges "Bitcoin" E, which is the fastest growing in the world. Began in Australia in January (January) 2014, then launched in the United Arab Emirates in August 2014, after Allqaúmon them realize that the UAE market potential is enormous.

 

Bitcoin payment network and innovative, new type of electronic money, used Anakdb exchange technology with no central authority or the bank.

 

 Commercial innovation

 

Finish Raja, Head of Business Development at igot.com the Middle East and North Africa, says: "We are a small team but goes along the lines of innovation," noting that the tendency to creativity made from the podium that the company is more than just a place to buy the currency of the "Bitcoin" or sold. Fsharkp igot.com offer their customers a variety of solutions, such as "pay the bills in the currency Bitcoin," or "pay the house rent currency Bitcoin", along with merchants services that facilitate the "Bitcoin" adopt a means of payment in retail stores, and e-commerce sites.

 

Raja says: "I am confident that the currency Bitcoin will change our way of dealing in the currency, and the team is serious work in the integration of this new currency in the traditional monetary path during the next two years, because the public began to know the benefits and savings they get when used, as Electronic money, as well as ease of use, and we want to be the first to introduce this currency trading. "

 

Sleep accelerated

 

It's the confidence he drew Raja of previous experiences in the concept of peer-to-peer economy, with the addition of cyberspace and functions in order to provide services and products to effectively complete, the lowest possible prices.

 

According to Raja, this economic model represents a huge market size could reach $ 335 billion in 2025. The new companies are good examples of a new wave of marketing complement traditional means.

 

Says, "the growth of these companies accelerated, and arrived in size rapidly to billions of dollars, and track Bitcoin development path and the same companies, and I expect to infect great success, because the open source criticism network alternative controls gradually to pay sector, their transparency, effectiveness and safety."

 

There are more than 63 thousand dealer in the world to accept payment in the currency "Bitcoin", such as Expedia and Virgin. And expected that up to 100 thousand by the end of this year, with major companies to join this system, such as Microsoft, which gave a big boost to the financial system, a friend of the environment. 

 

The success of the UAE

 

In the United Arab Emirates, Raja explores the possibilities of success of this system, and finds that individuals and companies, new or old, showing a growing interest in electronic payment system "Bitcoin", and inclined to join him in the near future. Says: "Tens of thousands using the electronic currency Bitcoin in the Middle East, has the size igot Dubai operations exceeded two million dirhams threshold, note that the global growing in this sector reached 40 percent in the past Altsh months and we see more and more people accept the adoption of this new system, I expect 2015 to be a special year for the currency Bitcoin. "

 

Raja says that Bitcoin offers for tourists in the UAE safe operations, through financial portfolio on their smart phones, low-cost and practical, but by the money transfer service, through partnerships held igot Dubai with financial firms, allows individuals in the UAE to transfer money quickly and without cost.