UAE's RAKBANK To Offer Bitcoin And Crypto To Customers
United Arab Emirates (UAE)-based RAKBANK (National Bank of Rak Al Khaimah) will now offer Bitcoin (BTC) and other cryptocurrencies to its customers. The bank has partnered with Vienna-based crypto exchange Bitpanda to roll out its latest crypto services. According to a CoinDesk BTC report, customers can access Bitcoin (BTC), Ethereum (ETH), Solana (SOL), and Ripple’s XRP via RAKBANK’s mobile application. Will Bitcoin Rally After UAE’s RAKBANK Move? Source: Investmentmonitor.ai / ShutterStock RAKBANK is one of the oldest lenders in the UAE. The decision marks the first instance of a conventional bank in the UAE offering Bitcoin and other cryptocurrencies to clients. The move is another milestone for the UAE’s ambitions of becoming a global crypto hub. The country has made substantial progress in accepting cryptocurrencies as a legitimate investment. The UAE is one of the few leading the global crypto narrative. Bitcoin (BTC) has seen incredible adoption over the l...