Friday, May 20, 2022
ReportCoinMENA partners with Beyon Money; eyes financial services on Web 3.0

CoinMENA partners with Beyon Money; eyes financial services on Web 3.0

Shariah compliant digital exchange CoinMENA has partnered with Batelco Financial Services’s Beyon Money give users nationwide the chance to earn up to 5% cashback when depositing money into their CoinMENA crypto assets wallets, a first of its kind service in the region, the exchange said.

“This offer is attractive for existing and prospective crypto assets investors as it will encourage further investments and participation in the industry. In addition, it will help address the challenge that investors face when shifting their investment from fiat to crypto and back, ensuring their experience and journey is smooth,” said CoinMENA Co-Founders Talal Tabbaa and Dina Sam’an in a recent joint statement.

CoinMENA was one of the first cryptocurrency exchanges to be licensed in the GCC; it is one of two Islamic digital exchanges to be regulated by the Central Bank of Bahrain, the other being Rain. Earlier in January, it secured a European Union license, after closing a US$9.5 million funding September last year.

“In the near term, we will also start offering financial services built on Web 3.0 and crypto rails, including borrowing, lending, and staking,” Sam’an said, while Tabbaa added, “This is the future of finance as we see it and are determined to be at the forefront of this exciting development.”

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