Hubpay and Aquanow Drive UAE’s Digital Asset Growth
Hubpay, a leading paymentz platform in the UAE, has joined forces with Aquanow, a digital asset service provider, to introduce a regulated cryptocurrency payment system. This collaboration allows businesses to accept both digital assets and traditional currencies, making transactions more seamless and expanding financial options for enterprises.
Simplifying Crypto Payments in the UAE
The UAE’s fintech and digital asset sector is expanding rapidly, with cryptocurrency transactions growing by 42% annually. This partnership supports the country’s push toward a more advanced financial ecosystem by enabling easier access to crypto payments for businesses and consumers alike.
Aquanow’s digital asset infrastructure is now integrated with Hubpay’s payment network, creating a secure and efficient transaction system. According to Phil Sham, CEO of Aquanow, cryptocurrency is no longer just an investment tool—it has become a fast and cost-effective payment method. By leveraging Hubpay’s regulatory framework, this partnership streamlines crypto transactions for merchants, investors, and consumers.
Advancing the UAE as a Global Digital Asset Hub
The UAE has positioned itself as a leader in digital finance, with progressive regulations ensuring the safe adoption of cryptocurrency. The government’s clear guidelines encourage businesses to integrate crypto payments, fostering innovation in the financial sector.
Hubpay and Aquanow’s partnership is a significant step toward this vision. Hubpay specializes in cross-border money transfers, while Aquanow offers secure digital asset services. Together, they simplify crypto payments for businesses, strengthening the UAE’s reputation as a global fintech powerhouse.
The Impact of Regulated Crypto Payments
A well-regulated crypto payment system offers numerous benefits, including faster transactions, lower costs, and enhanced security. Through this initiative, Hubpay and Aquanow empower small businesses to adopt stablecoins—digital assets designed to maintain a stable value—providing them with a reliable and efficient payment solution.
Regulatory compliance plays a key role in ensuring trust and security in digital transactions. Aquanow operates under Dubai’s Virtual Asset Regulatory Authority (VARA), while Hubpay is regulated by Abu Dhabi’s Financial Services Regulatory Authority (FSRA). These strict guidelines provide businesses with confidence in using cryptocurrency for financial operations.
UAE’s Crypto Expansion: Phoenix Group and Tether’s Influence
Recently, Phoenix Group UAE partnered with Tether, the largest stablecoin issuer, to launch a UAE dirham-backed stablecoin, further advancing the country’s crypto adoption efforts.
Now, with Hubpay and Aquanow launching regulated crypto payment solutions, the UAE is moving closer to becoming a global digital asset hub. This initiative paves the way for businesses to seamlessly integrate cryptocurrency into their operations, reinforcing the nation’s leadership in the future of digital finance.
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