- Seed Group and CoinCorner enter into a strategic partnership: CoinCorner looks for market penetration.
- The UAE wants to offer a growth-oriented environment to fintech companies, the Seed Group CEO said.
- CoinCorner co-founders want to make Bitcoin transactions the “new normal” in the UAE.
Seed Group, a company of the Private Office of Sheikh Saeed bin Ahmed Al Maktoum, entered into a strategic partnership with CoinCorner, a British fintech company that facilitates the purchase and sale of Bitcoin (BTC) around the world.
As per the press release, Seed Group will assist CoinCorner to expand the horizons of its operation in the UAE. Furthermore, it will assist CoinCorner to reach its target audience and approach decision-makers in the government and private sector to market their Bitcoin transaction solutions.
When Seed Group launches CoinCorner in the UAE, the fintech company will enhance and provide a user-friendly platform in which UAE residents can trade and store Bitcoins.
Sheikh SaeeHisham Al Gurg, CEO of Seed Group and the Private Office of Sheikh Saeed bin Ahmed Al Maktoum, while commenting on how well companies and individuals have embraced BTC and crypto as legal tender for future transactions, said:
The UAE wants to offer a growth-oriented environment to fintech companies by establishing an ecosystem for digital currencies. Companies dealing in cryptocurrencies hold huge potential in the Emirates’ digital economy.
Notably, Seed Group has been the promoting catalyst that accelerated sustainable market penetration for global companies for over 16 years. As such, it holds a prominent place in the technology, healthcare, hospitality, and telecommunications landscapes in the Middle East.
Citing the benefits of partnering with Seed Group, Co-founder of CoinCorner, Danny Scott, said:
We are pleased to enter into a mutually beneficial partnership with Seed Group. The collaboration will help propel our business interests and goals in the MENA region through the group’s support and a strong base of regional connections.
Apparently, Scott mentioned that making Bitcoin transactions the “new normal” in the UAE with the help of their unique solutions was their ulterior motive.