Citizens school, which is set to open its doors in September 2022, has announced that it will accept cryptocurrency as a mode of payment, Khaleej Time reports. 

The institution will accept payments from the two major cryptocurrencies Bitcoin (BTC) and Ethereum (ETH) aiming to provide parents with flexible payment options, apart from traditional forms of payments.

Dr Adil Alzarooni, founder of Citizens School said:

A while ago, cryptocurrency was only a floating term among well-versed investors. However, today cryptocurrency is becoming much more mainstream reshaping the traditional financial system. Similarly, Citizens is disrupting the education sector by re-imagining every element of the learning experience – be it the way our children learn, how we equip our teachers to be mentors, what our learners choose to wear, or the ways that parents can pay for tuition. By introducing this new payment facility, we look forward to enhancing the role of young generations in achieving the UAE’s digital economy. As more people embrace the era of digitalization, today’s children will become the entrepreneurs and investors of tomorrow.

Due to recent volatility, DTTcoins has halted all LUNA and USDT conversions until further notice. 

We apologize for any inconvenience.

DTTcoins Team

DTTcoins reserves the right in its sole discretion to amend or change or cancel this announcement at any time and for any reasons without prior notice.

Emirates Chief Operating Officer Adel Ahmed Al-Redha told a media gathering at the Arabian Travel Market that the airline giant plans to employ Bitcoin as a payment service while adding NFT collectibles on the company’s websites for trading, Arab News reports. 

Emirates plans to embrace advanced digital solutions such as blockchain, metaverse, and cryptocurrency as part of its strategy to connect with customers in a faster and more flexible way. 

Al-Redha commented:

NFTs and metaverse are two different applications and approaches; with the metaverse, you will be able to transform your whole processes — whether it is in operation, training, sales on the website, or complete experience — into a metaverse type application, but more importantly making it interactive.

DTT Group, a globally regulated and a globally recognized financial leader with over 20 years track record in the brokerage and fintech space, today announced that it has successfully raised $10 million in Series A funding round for its cryptocurrency exchange, DTTcoins.

With its mission to advance the global crypto landscape and its vision of creating blockchain solutions to empower the crypto community, the investment funding will be put towards DTTcoins’ global expansion plans as well as towards research and development to further enhance client solutions and develop new products.

Commenting on this occasion, Walid Ead, DTT Group Managing Partner, said:

The tremendous interest of our investors underscores their faith in DTTcoins and its parent company, DTT Group. With the initial funding and DTT Group’s experience, DTTcoins is poised to become one of the leading players in the crypto industry and decentralized finance.

DTTcoins had its soft launch in Dubai in March 2022 to a massive critical success and has been crowned the ‘Best Crypto Platform 2022’ by affluent traders and industry experts. DTTcoins was highly praised for its state-of-the-art trading platform as well as its unique aggregator system, which produces the best buy and sell prices at any given time, with unprecedented low slippage.

Ead added: “For the past year, we have worked diligently to develop a crypto exchange that appeals to institutional traders as well as individual investors, which we meticulously designed based on traders’ experience. We aim to help them tackle all the challenges they have faced in the past with other crypto exchanges.”

Board Advisor, Michael Mirarchi, commented that a recent market study conducted by DTT Group identified the top three concerns crypto traders have when choosing their crypto exchange: fund security, reliable and knowledgeable customer support, and competitive pricing.”

“DTTcoins addresses all of these concerns and we believe this is what sets it apart from its competitors,” Mirarchi affirmed.

DTTcoins is part of DTT Group, a globally regulated broker and a trusted partner to more than 30,000 traders; which means our clients gets the value-added benefits of a global institution with a solid legacy in technology and brokerage services, in addition, with more than 100 employees across 11 worldwide offices, our clients receive exceptional dedicated customer support from DTT Group’s multilingual, in-country teams. Finally, with DTTcoins Aggregator platform and institutional grade execution, DTTcoins clients receive deep liquidity with unmatched low slippage.

Dubai-based grocery delivery service YallaMarket said it will now accept cryptocurrencies as a form of payment on its mobile app, Khaleej Times reports. 

YallaMarket payment system accepts stable coins USDT (Tether) and USDC.

Besides launching a new payment method for its customers, the startup is also geared up to receive crypto investments from Mena-based partners and is considering paying salaries via digital assets in the future.

Leo Dovbenko, CEO and co-founder of YallaMarket, said: 

We can see now that the world is increasingly adopting blockchain and cryptocurrency technologies. YalaMarket could not stand aside as a company based in the UAE — a global hub for financial technologies. Moreover, as YallaMarket customers value their time and implement technologies in their lives actively, there is no doubt they are among pioneers of using crypto payments.

Leading luxury real estate developer DAMAC Properties has announced that the company is stepping up to serve the digital economy by facilitating the conversion to fiat, and the sale of property to holders of Bitcoin and Ethereum. According to a company's press release, the decision comes from the DAMAC Group’s vision of leveraging technology to provide innovative solutions to evolved customers.

Being one of the first developers to facilitate the purchase of property by customers carrying cryptocurrency, DAMAC is set to revolutionise the future of real estate. This will bolster DAMAC’s efforts of providing convenience and optionality to real estate investors worldwide.

Speaking on the occasion – Ali Sajwani, General Manager of Operations at DAMAC and lead of the organisation’s digital transformation initiatives, said:

DAMAC Properties has always been at the forefront of innovations from developing luxury homes to creating unique experiences. This move towards customers holding cryptocurrency is one of our initiatives at DAMAC to accelerate the new economy for newer generations, and for the future of our industry.