ZamZam Digital Bank powered by Blockchain to launch in UAE and Turkey

ZamZam, a digital bank powered by Blockchain and incorporated in Estonia announced on its website its impending launch in Dubai UAE and Turkey. According to their website ZAMZAM has built a transparent, fair and efficient generation 3.0 bank utilizing Blockchain technology with a hybrid system of data distribution.

The ZamZam team notes, “We aspire to expand the cryptocurrency market with real world financial assets and copy trillions of capital into a new decentralized economy.” They are doing this by building an on-chain financial ecosystem powered by an agile interoperable blockchain, and enforced by smart contracts, escrow accounts and oracles.

Zam.io opens the opportunity to digitally replicate real assets and generate capital on the blockchain to accelerate the transition to the new decentralized economy. Zam.io is envisioned as a complete financial ecosystem: blockchain bank (bank 3.0), infrastructure, prime brokerage services, payments and remittance solutions - all integrated with current financial infrastructure.

ZamZam also offers CeFi and DeFi products, as well as stablecoin loans secured by stocks collateral, tokenized stocks, fiat on/off ramp, utility tokens, digital payment cards and non-custodial wallets

ZamZam believes that Blockchain is a revolutionary technology destined to change tomorrow's finance. As per their statements on their website, “We envision a world of equal financial opportunities powered by blockchain for anyone and everyone around the world with access to a mobile device and Internet, where every financial transaction is as accessible and transparent as possible. Asset management, payments, trading, collateral management, loans, and many other financial services become more accessible, highly efficient, transparent, cheaper, and, last but not least, much faster.”

They add,” We have a global focus, starting from the MENA region and expanding the infrastructure one market at a time.”