Tuesday, 15th October 2024, Crypto.com announces collaboration with BENEFIT in Bahrain and will explore ways to partner and expand the digital assets and fintech ecosystem in Bahrain.
Crypto.com Announces Partnership with BENEFIT in Bahrain
To your knowledge, Crypto.com and BENEFIT are the companies that are leading in Fintech and electronic financial transaction services in Bahrain. Now, both companies announced that they will begin discussions on combining their expertise and helping expand the digital assets and fintech ecosystem in Bahrain.
On October 03, 2024, both companies signed an MOU at the Fintech Forward event in Bahrain. Plus, the companies committed to investigating mutual collaborations by leveraging BENEFIT’s knowledge base as Bahrain’s electronic network for financial transactions, as well as Crypto.com’s core competencies as one of the world’s leading crypto trading platforms.
This collaboration will include areas like payment integration and crypto.com’s prepaid card capabilities.
“BENEFIT’s innovative work to develop the electronic payments space in Bahrain is impressive and we’re excited at the prospect of partnering with a company that is forward-thinking and eager to support the growth of the digital assets industry,” said Eric Anziani, President and COO of Crypto.com. “Bahrain has created an innovation friendly environment and we’re looking forward to expanding our services here.”
“We are pleased to explore this collaboration with Crypto.com as it aligns with our mission to continuously drive innovation in Bahrain’s financial services sector,” said Abdulwahed AlJanahi, Chief Executive of BENEFIT. “By leveraging our expertise in electronic financial transactions and Crypto.com’s cutting-edge capabilities in the realm of cryptocurrency, we are confident this partnership can bring added value to Bahrain’s evolving fintech landscape and support the growth of digital assets in the Kingdom.”
Furthermore, the announcement reflects Crypto.com’s growing commitment to the market, with the company’s Bahrain unit recently receiving a payment service provider license from the Central Bank.
On the other hand, Crypto.com has recently reportedly filed a lawsuit against the US Securities and Exchange Commission (SEC).
