Abu Dhabi based MidChains, a retail and institutional cryptocurrency exchange and custodian based out of ADGM ( Abu Dhabi Global Market), announced in a linked in post a partnership with Network International, the leading enabler of digital commerce in the Middle East and Africa (MEA) region, with operation centers in the UAE, Egypt, Jordan, South Africa and Nigeria. The partnership will enable acceptance of fiat payments.
Ahmed Tarraf, Regional Managing Director, Acquiring – UAE at Network International, commented, “This strategic collaboration reinforces our commitment to bringing innovative payments solutions to the UAE market. As the leading enabler of digital commerce in the region, we are excited to embark on this journey with MidChains – a strong, regulated partner.”
Basil Al Askari, Cofounder and CEO – MidChains said, “MidChains is excited to partner with the payments industry leader Network International. We are exploring collaboration around virtual asset adoption and acceptance in the financial ecosystem. Partnership is part of our DNA and this one further validates our ambitions and growth plans to enable established financial players regulated, secure access to digital currencies. We are constantly exploring ways to use digital currencies securely as an alternative asset to store and transfer value. Network International’s strong presence and wide reach across the region makes them a compelling partner for us.”