UAE’s RAKBANK Partners with Bitpanda to Launch Retail Crypto Services
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最新报道：According to Bijie.com, on July 29th, RAKBANK, a traditional bank in the UAE, partnered with Bitpanda, a Vienna-based cryptocurrency platform, becoming the first traditional bank in the UAE to offer retail cryptocurrency services. Users can now buy, sell, and trade cryptocurrencies through RAKBANK's mobile banking app. Transactions are settled directly in UAE Dirhams (AED), avoiding exchange rate fees associated with US dollars or euros. The service executes transactions through Bitpanda Broker MENA DMCC, Bitpanda's regulated subsidiary in Dubai. User funds are deducted directly from their savings or current accounts, eliminating the need to transfer funds to a third-party cryptocurrency exchange. Raheel Ahmed, CEO of RAKBANK, stated that this solution provides users in the UAE with an efficient, seamless, and fully regulated cryptocurrency trading experience. The service, currently available by invitation only, will be expanded to a wider audience in the future.
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