Announcement of New Partnership
A strategic alliance has been established between Bitpanda Technology Solutions, a leading supplier of digital asset infrastructure, and the National Bank of Ras Al Khaimah (RAKBANK). The goal of this partnership is to provide a strong platform that will make it simple and effective for UAE citizens to manage their digital assets.
Growing Prospects for Digital Assets
When the relationship is fully operational, RAKBANK clients will have access to a variety of digital asset applications, providing one of the most complete digital asset solutions in the UAE. This development, however, is subject to Central Bank of the UAE (CBUAE) permission.
Heading the Financial Digital Revolution
Through this partnership, RAKBANK and Bitpanda will be leading the way in the UAE’s digital financial industry. By enabling banks to participate in the virtual asset economy without having to develop their own internal virtual asset infrastructure, it marks a substantial advancement in the growth of digital assets.
Professional Opinion on the Collaboration
expressing his excitement about the partnership was Dongjun “DJ” Choi, Group Chief Customer Officer of RAKBANK: “We think digital assets represent one of the future ways for clients to manage their accounts more efficiently and safely. This collaboration is well-positioned to close the market gap for a reliable and regulated online banking platform for trading digital assets. We hope to transform the conventional financial scene for our clients by combining our areas of expertise and opening up new avenues for them to pursue in the world of digital assets.
Part Played by Bitpanda in Innovation
The CEO of Bitpanda Technology Solutions, Lukas Enzersdorfer-Konrad, backed the collaboration, saying, “We want to support RAKBANK’s ambitions as they have a long history of leading crypto innovation in the UAE.” Because Bitpanda Technology Solutions is completely modular, we can customise our solutions to meet the needs of our partners. This collaboration is a prime example of how crucial that adaptability is. Together, we will revolutionise millions of UAE residents’ access to cryptocurrency and create the framework for upcoming innovation.
