Crypto.com,aglobalcryptocurrencyexchange,andBENEFIT,theleadingfinancialtechnology(fintech)providerinBahrain,haveenteredintoadialoguetostrengthentheBahrainifintechecosystem,asdisclosedtoFinboldonTuesday,October15.
ThetwocompaniessignedaMemorandumofUnderstanding(MOU)atBahrain’sFintechForwardeventonOctober3,2024,settingthestageforapotentialfuturepartnership.
StrengtheningBahrain’sfintechecosystem
BENEFITbringsitsextensiveexperienceasthelargestfinancialtransactionnetworkinthecountry,whileCrypto.comleveragesitsglobalreputationasaleadingcryptotradingplatform.
ThepartnershipwillexploresolutionspertainingtopaymentintegrationandthedeploymentofCrypto.com’sprepaidcardsinBahrain.
EricAnziani,PresidentandChiefOperatingOfficer(COO)ofCrypto.com,praisedBENEFIT’selectronicpaymentsolutions,stating:
“BENEFIT’sinnovativeworktodeveloptheelectronicpaymentsspaceinBahrainisimpressiveandwe’reexcitedattheprospectofpartneringwithacompanythatisforward-thinkingandeagertosupportthegrowthofthedigitalassetsindustry.Bahrainhascreatedaninnovation-friendlyenvironmentandwe’relookingforwardtoexpandingourserviceshere.”
Inturn,AbdulwahedAlJanahi,ChiefExecutiveofBENEFIT,expressedexcitementaboutthepotentialpartnershipwithCrypto.com,stating:
“WearepleasedtoexplorethiscollaborationwithCrypto.comasitalignswithourmissiontocontinuouslydriveinnovationinBahrain’sfinancialservicessector.ByleveragingourexpertiseinelectronicfinancialtransactionsandCrypto.com’scutting-edgecapabilitiesintherealmofcryptocurrency,weareconfidentthispartnershipcanbringaddedvaluetoBahrain’sevolvingfintechlandscapeandsupportthegrowthofdigitalassetsintheKingdom.”
TheongoingdiscussionsarepartofCrypto.com’sgrowinginvestmentinBahrain,andthecompanyrecentlysecuredaPaymentServiceProviderLicensefromtheCentralBank,furtherunderscoringitscommitmenttobolsteringfintechintheregion.
finbold.com