Dubai’s Big Step into Crypto: Liv X App Makes Waves
A New Way to Bank
Dubai’s state-owned bank, Emirates NBD, has just done something amazing! They’ve added a new feature to their digital banking app, Liv X. Now, you can buy, sell, and keep cryptocurrencies right there in the app![1][2] Isn’t that cool? This means Dubai is saying “yes” to digital money, and it’s making the UAE a great place for crypto.[2]
Who’s Helping Liv X?
The Liv X app can do this because of two helpful friends. First, there’s Aquanow, a company that’s allowed by Dubai to help with crypto.[2][4] They make sure the crypto trading in the app is safe and follows the rules. Second, there’s Zodia Custody from London. They keep the digital money safe, and Emirates NBD has invested in them.[1][2]
Crypto Loves the UAE
The UAE already loves crypto! About 3 in 10 people here own some digital money.[2] Experts think the crypto market will grow by 8% each year for the next four years.[2] Last year, the UAE had over $30 billion in crypto transactions![2]
What You Can Do with Liv X
The Liv X app lets you trade five popular cryptocurrencies: Bitcoin (BTC), Ethereum (ETH), Solana (SOL), Ripple (XRP), and Cardano (ADA).[1] Isn’t that neat? Now you can manage your traditional money and crypto all in one place, and it’s easy to use too!
A Big Step for Crypto
Emirates NBD’s new crypto service is a huge deal! It shows that Dubai and the UAE want to be big players in the crypto world. As more banks join in, we’ll see crypto becoming a normal part of our lives.[2]
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Sources:
– Followin
– Finextra
– Crypto Times
– Binance