Cryptocurrencies to disrupt UAE remittance market

Cryptocurrencies to disrupt UAE remittance market

The reality today doesn’t mean that cryptocurrency remittances for UAE corridors are impossible, but the entrepreneurs addressing this market will need to overcome a number of road blocks. Nowadays, cryptocurrencies such as Bitcoin and Ethereum are making a huge noise worldwide because of their potential to decentralise money issuing and the financial services. This concept comes from the fact that cryptocurrencies are based on blockchain technology. To explain this fast and clearly, let’s say that there are thousands of computers (nodes) around the world that have a database with all the information of cryptocurrencies issued and the transactions made; […]