• Who Can Help the Blockchain Industry in the UAE?

  • ZelaaPayAE is buzzing with rumors of being granted a license to work on and scale their blockchain platforms and ideas from somewhere in the region.

    The United Arab Emirates has long been admired for its ease of doing business and diversity of people, culture, and economy. Because of its ability to maneuver and execute ideas from the future, it has become a haven for tech companies from all over the world.

    As a result of this, the blockchain industry has been rapidly growing and evolving into the future of finance, data, and transparent transfers, causing applications based on it to develop and grow enormously. With many projects and ventures moving to the UAE to build on the blockchain, there has been uncertainty in terms of regulations and how that will play out for firms attempting to establish themselves in the UAE that is fundamentally focused on utilizing blockchain technology to develop and expand massively.

    There have been rumors or discussions about a regulatory framework being developed and licensing being put in place for such businesses that harness the power of blockchain in the UAE, but nothing has been confirmed as of yet.

    The world has yet to witness a company emerge from the UAE and announce the acquisition of a major license that will allow them to develop and grow their products on the Blockchain. However, we do know a few that are trying and competing – such as ZelaaPayAE, which has been in operation for a long time and has been building quietly while adhering to the regulations.

    ZelaaPayAE is buzzing with rumors of being granted a license to work and scale their platforms and ideas on the blockchain from somewhere in the region, but the details have yet to be revealed – which we believe is true or nothing.

    It will be interesting to see how this plays out and how ZelaaPayAE comes out on top to set an example for the blockchain domain globally from this region.

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