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Investing in Blockchain Pioneer of Dubai is Now Possible – Burency is Seizing the Initiative

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Blockchain Dubai

The United Arab Emirates (UAE) is among the world’s richest countries, thanks to the abundance of oil deposits in the region. The revenue streams of the UAE has seen some diversification in the past. Prior to the discovery of oil in the UAE in the 1950s, its economy was primarily dependent on fishing and thus largely unsustainable. In its doggedness to move the country forward, today, the global hub for trade and commerce is now domiciled in the UAE.

On one hand, development around the world is moving at lightspeed, as data is fast becoming the new oil in today’s world; nothing works efficiently without data. On the other hand, blockchain technology is taking the lead in enabling efficient data transmission and thus impacting how the world conducts business today. For years, UAE is known to be a first-mover across revolutionary business domains and technologies. Needless to state, the world capital of blockchain is now rising in the Middle East.

UAE is a staunch supporter of blockchain technology, this became evident after the launch of Emirates Blockchain Strategy 2021. This strategy is targeted at capitalizing on the blockchain technology to transform 50 percent of government transactions onto the blockchain platform by 2021. These initiatives are often influenced and encouraged thanks to its government and investment-friendly business environment.

This initiative will eventually result in an impressive cost savings of AED 11 billion in transactions and documents processed routinely, 398 million printed documents annually, 77 million work hours annually. While other nations are busy inhibiting the development of blockchain technology, the UAE at the same time is leveraging on it to foster economic development.

Dubbed as the city of the future”, Dubai, in 2017 announced its plans to have robot cops, flying taxis and autonomous vehicles on its roads in the coming years. Now, Dubai, a member state of the seven emirates of the UAE is on a mission to become the world’s first blockchain-powered government.

By 2020, the emirate wants all visa applications, bill payments and license renewals, which account for over 100 million documents each year, to be transacted digitally using blockchain. This and many other reasons have summed up in creating an enabling environment for blockchain startups to strive better in the middle east.

Recently, IBM opened up a start-up space in Dubai whose mission is to encourage smaller companies to use IBM hardware and cloud services to experiment with blockchain applications. The UAE Exchange has also recently partnered with RippleNet Network, a provider of blockchain technology. Ripple is expected to be assisting the UAE exchange by providing real-time, quick and high-speed payment both local and cross-border payment.

Due to blockchain immutability and the untamperable nature of data stored on blockchain, real estate is taking its own share of the disruptive power of blockchain. Dubai Land Department (DLD, in October, launched a blockchain-powered system to help secure financial transactions, electronically record all real estate contracts, and connect homeowners and tenants to property-related billers, such as electrical, water and telecommunications utilities.

Many other startups and blockchain ecosystems are seizing this opportunity to leverage the power of blockchain to make the world a better place. One of such innovative companies that have grazed the blockchain stratosphere in Dubai is Burency.

What is Burency?

Burency

Burency is a revolutionary cryptocurrency exchange based out of Dubai. Burency exchange is a fully-insured cryptocurrency exchange that is regulated, transparent, convenient open for experienced traders, first-timers and investors alike.

The project is headed by Founder & CEO Mohammad Mazen and a team of other professionals who have varying degrees of experience and expertise working in various fields relating to blockchain, finance, marketing, etc.

By virtue of building numerous projects in the UAE and pitching several blockchain meetups and conferences in the Middle East, Mohammad Mazen understands the business environment surrounding this region. There is a popular norm that says, the expertise of any team has a direct reflection on the success of the underlying project. This is the case with Burency.

The company is positioning itself among the first-movers in the ever-growing high-potential Middle Eastern market. The market at present is highly underserved with interest outstripping the number of exchanges, mining facilities and blockchain centers available.

According to the Burency whitepaper, the company is launching a trusted state-of-the-art cryptocurrency exchange whose features are considered to be more superior to any available alternative in the Middle East. Burency is well-positioned as a blockchain giant in the Middle-East as UAE takes the lead in global blockchain adoption.

Disclaimer: This is a paid press release. Readers should do their own due diligence before taking any actions related to the company, product or service. BitcoinAfrica.io is not responsible, directly or indirectly, for any loss or damage caused by or in connection with the use of or reliance on any content, product or service mentioned in this press release.

Press Releases

Investors in Africa Can Now Purchase Stocks from the US Market Using Cryptocurrencies

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Passfolio

Passfolio is a new investment app that’s calling the attention of the market. Through its US registered broker-dealer, Passfolio Securities, the company aims to democratize the access to US investments in countries like Nigeria, by allowing investors to trade 3,800+ US stocks, ETFs, and REITs from the US market with no commission fees*.

PassfolioRecently, Passfolio has been growing in African countries like Nigeria and wants to facilitate access to US investments in the region. David Gobaud, Passfolio’s founder and CEO, says:

“People outside the United States often need hundreds of thousands of dollars to invest in the US stock market – we reduce the minimum to $1 to invest in US stocks of your favorite companies”.

What makes Passfolio different from other brokers? Simply put, the possibility of trading and funding your account with cryptocurrencies, through Passfolio Financial*.

Passfolio makes it possible for users to fund their accounts using cryptocurrencies by first converting them into dollars through Passfolio Financial, then moving the dollar proceeds to their brokerage accounts at Passfolio Securities, where users are then able to buy stocks. This way, investors can deposit Bitcoin, Ethereum, Bitcoin Cash, Litecoin, Zcash and other cryptocurrencies and access the US market.

The full list of cryptocurrencies supported by Passfolio (through Passfolio Financial*) can be found below. You can deposit and trade all of them in the app:

  • Bitcoin (BTC)
  • Ethereum (ETH)
  • Litecoin (LTC)
  • Bitcoin Cash (BCH)
  • Zcash (ZEC)
  • Filecoin (FIL)
  • 0x (ZRX)
  • Aave (AAVE)
  • Amp (AMP)
  • Basic Attention (BAT)
  • Balancer (BAL)
  • Chainlink (LINK)
  • Compound (COMP)
  • Curve (CRV)
  • Dai (DAI)
  • Decentraland (MANA)
  • Kyber Network (KNC)
  • Maker (MKR)
  • Orchid (OXT)
  • Pax Gold (PAXG)
  • Ren (REN)
  • Storj (STORJ)
  • Synthetix (SNX)
  • Uma (UMA)
  • Uniswap (UNI)
  • Yearn Finance (YFI)

To invest with Passfolio, the first step is to complete your registration. The registration can be done in a few minutes through this link, and you will be asked for some basic information. Then, the account is typically approved in a few hours and you’ll be able to add funds to your account and start investing.

For US stock trades, Passfolio Securities offers commission-free* trading for assets priced at $5 or more. You can check all other fees that may apply on Passfolio’s website: http://passfolio.us/fees

*Securities less than $5 cost $0.02/share. Please see Passfolio’s disclosures on other charges.

Disclosures:

Passfolio LogoPassfolio is the brand name of Panchain, Inc. Passfolio Securities LLC and Passfolio Financial LLC are fully-owned subsidiaries of Panchain, Inc. Securities and cryptocurrencies are very different types of assets. Cryptocurrencies are not securities. Purchasing cryptocurrencies comes with a number of risks. Please read Passfolio Financial Cryptocurrency Risk Disclosure.

Currency and cryptocurrency exchange services provided by Passfolio Financial LLC (“Passfolio Crypto”), a US Money Services Business registered with FinCEN. Passfolio Financial LLC is not a broker-dealer. Cryptocurrencies are not protected by either

FDIC or SIPC. Securities products and services offered to self-directed investors through Passfolio Securities LLC Member FINRA / SIPC. Passfolio Securities, LLC does not provide cryptocurrency-related services. Passfolio Securities LLC is a member of SIPC, which protects securities customers of its members up to $500,000 (including $250,000 for claims for cash).

Explanatory brochure available upon request or at www.sipc.org. To purchase securities using cryptocurrencies, you must first convert them into U.S. Dollars using Passfolio Financial LLC. You must then move the U.S. Dollar proceeds to your brokerage account at Passfolio Securities LLC where you can use it to buy securities.

Please see Passfolio’s fractional shares disclosure.

Disclaimer: This is a press release. Readers should do their own due diligence before taking any actions related to any company, product, or service mentioned in this article. BitcoinAfrica.io is not responsible, directly or indirectly, for any loss or damage caused by or in connection with the use of or reliance on any content, product, or service mentioned in this post. 

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Press Releases

Nigerians Living in South Africa Can Now Verify Their Remitano Accounts Using Their Nigerian Documents

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verify remitano accounts

The Remitano ecosystem is a community built on trust, this is why every Remitano user must complete their KYC to gain full access to the entire features of Remitano.

Remitano LogoOver time, we realized that a lot of our Nigerian users who have migrated and now live in South Africa are finding it difficult to verify their accounts due to the lack of proper South African documents. As a result of our pledge on continuous improvement, we are now allowing Nigerian traders in South Africa to verify their Remitano accounts using their Nigerian identification documents.

South Africa based Nigerians can now use their Nigerian government-issued National Identity card, Driver’s license, international passport, or Voters card to verify their Remitano account despite they no longer live in Nigeria.

This is part of Remitano’s effort in a bid to enhance borderless access to financial and cryptocurrency services. Remitano strives on making cryptocurrency trading easy for its users regardless of nationality and location.

What Exactly is KYC and Why Do You Need to Complete It?

KYC is an acronym for “Know Your Customer.” It is a means for Remitano to verify its users by requesting and verifying their personal details.

There are five levels of KYC in order to enjoy the highest trading experience on Remitano. The level of KYC you complete will determine your daily deposit and withdrawal limits.

Level one verification requires phone number verification only. This allows users to buy up to $1000 worth of cryptocurrency. However, you would not have access to your Remitano fiat wallet.

Level two verification involves document verification. It involves the confirmation of your identity by providing your government-issued ID card. This will help remitano verify the personal details and address you provided during registration. Level two users can buy cryptocurrencies worth $100,000 per day with a daily withdrawal limit of $1000.

Level three verification requires your bank verification. You need to verify your bank detail to make fiat deposits and withdrawals. Level three increases your buying limit to $200,000 per day and withdrawal limit to $2,500 per day.

Level four and five KYC are for long term traders, and you will need to complete the first three levels. Learn how to complete level 4 and 5 KYC.

The acceptance of KYC (Know Your Customer) has made Remitano one of the most secured peer-to-peer crypto exchange platforms as it has recorded no scam attempts.

The KYC has been used to filter out users with bad intentions and ulterior motives. Traders and investors on Remitano carry out their activities without the fear of being scammed and ripped off their hard-earned money.

Complete your KYC now and begin to buy bitcoin in South Africa on Remitano!

About Remitano

Remitano is a product of Babylons Solutions Limited based in Seychelles. Remitano’s purpose is to offer a robust, quality trading experience to all users as a fast-moving marketplace. With necessary safety standards in place, buyers and sellers can come together, store, trade, and withdraw assets, thus avoiding issues common to other crypto exchanges.

Launched in 2014, Remitano is a global cryptocurrency exchange serving international markets, such as Malaysia, China, Nigeria, Vietnam, Australia, Cambodia, and Indonesia.

Got Questions?

Reach out to Remitano via:

Email: team@remitano.com, marketing@remitano.com

Socials: Facebook, Twitter, Reddit, and LinkedIn

Disclaimer: This is a press release. Readers should do their own due diligence before taking any actions related to any company, product, or service mentioned in this article. BitcoinAfrica.io is not responsible, directly or indirectly, for any loss or damage caused by or in connection with the use of or reliance on any content, product, or service mentioned in this post. 

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Press Releases

PixelPlex Introduces DocFlow – Intuitive Blockchain-Powered Document Management System

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Pixelplex

PixelPlex, a custom software development company with a focus on blockchain technology, has recently launched its blockchain-based document management software that is called DocFlow.

DocFlow, the solution that was built on Hyperledger, is able to digitise the entire paperwork process. It’s based on advanced smart contract mechanisms that guarantee data security and authenticity. Thanks to this ingenious project, users will be able to skip time-consuming document processing routines, exclude all intermediaries, save valued resources via zero transaction fees, and protect data at all levels through multi-tier role-based and coded access.

PixelplexThe developers at PixelPlex point out that DocFlow’s infrastructure is not that complex. It consists of Web UI for administrators, database on the back-end and a blockchain network, secure API gateway for data access as well as user interface for document storage and access. This business document management system is universal and comes in really handy when dealing with the issues around electronic file turnaround. 

DocFlow can be seamlessly integrated, safely used, and accessed from anywhere on any device. Apart from this, it complies with GDPR at all times, has a transparent doc history through time-stamped blocks, rules out fraud via built-in proof of origin techniques, safeguards and decentralises your data storage with distributed ledger tech, automates document processing, issuance, and retrieval.

PixelPlex blockchain-based document management software will correspond to the requirements of almost all enterprises. Among them, there are such industries as Supply Chain, Healthcare, Real Estate, Telecommunications, eCommerce, Energy and Utilities, Engineering and Construction, Accounting, Finance, Legal, and Insurance. 

When integrating DocFlow, the PixelPlex team offers their specially designed 5-step implementation model:

  • Initiate DocFlow from the blockchain network’s side
  • Initiate the solution from your company’s side
  • Register admins and users
  • Integrate third-party services if needed
  • Start working with documents, nice and easy

About PixelPlex 

A blockchain provider with 7+ years of experience and 50+ successfully completed blockchain projects. They power their DLT products with AI, IoT, and cybersecurity advances. Learn more at www.pixelplex.io.

Disclaimer: This is a paid press release. Readers should do their own due diligence before taking any actions related to any company, product, or service mentioned in this article. BitcoinAfrica.io is not responsible, directly or indirectly, for any loss or damage caused by or in connection with the use of or reliance on any content, product, or service mentioned in this press release. 

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