Fun

Sheikh Hamad Salem Becomes a MaskEX Shareholder as Both Parties Collaborate to Develop a Smart City in the UAE

News Feed - 2022-12-23 09:12:58

Sheikh Hamad Salem Becomes a MaskEX Shareholder as Both Parties Collaborate to Develop a Smart City in the UAE press release


PRESS RELEASE. Sheikh Hamad Rakadh Salem Hamad Alameri, a well-known Sovereign Wealth Fund (SWF) member of the Royal Family in Abu Dhabi, United Arab Emirates, has officially become a MaskEX shareholder following the signing of a Memorandum of Understanding (MOU) to develop a smart city in Dubai, United Arab Emirates.


Sheikh Hamad Rakadh Salem Hamad Alameri is a big supporter of Abu Dhabi’s 2030 Vision by directly contributing to the emirate’s social and human development and creating a sustainable, knowledge-based nation.


MaskEX is a Canadian company. It has successfully fulfilled the requirements of the MSB compliance program and is now fully prepared to comply with the regulations in the SCA and VARA compliance program in Dubai, United Arab Emirates. MaskEX has developed a payment system based on the principle of “Your Wallet, Your Way”, Which aims to make life easier for residents by providing a convenient and secure way to make payments and manage financial transactions. In addition, the system also uses advanced security measures to protect users’ personal and financial information from fraud and identity theft.


The company has achieved incredible feats and is building innovative technologies for developing smart cities. The partnership between MaskEX and the Sheikh was initiated because of their shared vision of a smart city.


In the past year, the company got much attention from traders and investors in the UAE market, which led to extensive research and the idea of developing a new concept of a smart city in the UAE. MaskEX will use its innovative technology to improve the quality and access to services and increase efficiency and sustainability. In addition, MaskEX is now collaborating with a BIG 4 audit firm to protect the ecosystem and blockchain infrastructure.


After completing its strategy and implementation for the UAE market, MaskEX plans to expand to the MENA region to serve people and help them adapt to smart cities. Due to the MENA region’s popularity as a tourism destination and its diverse community of expatriates, MaskEX will be able to attract investors from different industries.


To fully realize the potential of smart cities, MaskEX will work with lifestyle retailers. The company has already signed hundreds of memorandums of understanding with merchants in various countries, enabling customers to pay for products, services, and even living expenses with a simple scan of their wallet.


When asked about the concept of a smart city, Eric Yang, CEO of MaskEX, said, “The smart city concept covers many sectors. Starting from healthcare, manufacturing, and many more. The most important is the new concept with our solutions. We will be contributing largely to the realization of this vision.”


With the support of MaskEX’s new shareholder, Sheikh Hamad Bin Rakad Bin Salem Bin Rakad, MaskEX expects to create a unique environment in the UAE market to attract more FDI in the region and create innovative solutions on the market. Consequently, MaskEX will move its headquarters from Canada to Dubai, United Arab Emirates.


The MaskEX app now provides users access to various digital industry services, which can be accessed through the app.


Community & Social Media:


Website |Twitter| Telegram| LinkedIn


Contact Details:


MaskEX Global


Tata Tcholaria Marketing & PR


Email: tamar.tcholaria@mask.net


  Tags in this story Crypto, Cryptowallet, cryptowallets, Dubai, MaskEX, UAE


This is a press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release. Media


Bitcoin.com is the premier source for everything crypto-related. Contact the Media team on ads@bitcoin.com to talk about press releases, sponsored posts, podcasts and other options. Caroline Ellison"s Testimony Claims FTX Boss SBF Directed Her to Co-Mingle Customer Funds Since 2019 NEWS | 51 mins ago Report: SEC Heightens Probe Into Auditors Servicing Crypto Exchanges NEWS | 3 hours ago


Image Credits: Shutterstock, Pixabay, Wiki Commons Previous articlePresident of Brazil Sanctions Cryptocurrency Law Next articleNigerian Central Bank Increases Cash Withdrawal Limits After Receiving ‘Feedback From Stakeholders’ More Popular NewsIn Case You Missed ItTony Hawk"s Latest NFTs to Come With Signed Physical Skateboards


Last December, the renowned professional skateboarder Tony Hawk released his “Last Trick” non-fungible token (NFT) collection via the NFT marketplace Autograph. Next week, Hawk will be auctioning the skateboards he used during his last tricks, and each of the NFTs ... read more.Today"s Top Ethereum and Bitcoin Mining Devices Continue to Rake in Profits Bill ‘On Digital Currency’ Caps Crypto Investments for Russians, Opens Door for Payments Australia to List Bitcoin ETF After 4 Clearinghouse Participants Commit to Meet Stringent Margin Terms Terra"s Algorithmic Dollar-Pegged Crypto UST Is Now the Third-Largest Stablecoin

News Feed

US State Regulator Warns About Crypto Interest-Bearing Accounts Amid Market Downturn
US State Regulator Warns About Crypto Interest-Bearing Accounts Amid Market Downturn The financial regulator of the U.S. state of Arizona has warned investors about crypto interest
Amaka Nwaokocha8 minutes agoTurkey aims to shed FATF gray list status with new crypto regulationsFinance Minister Simsek reportedly stated that the sole outstanding technical compliance matter is crypto assets.37 Total v
Bank of Kyrgyzstan Issues Warning About Cryptocurrencies, Crypto Payments
Bank of Kyrgyzstan Issues Warning About Cryptocurrencies, Crypto Payments Amid the growing popularity of cryptocurrencies in Kyrgyzstan, the country’s central bank has remin
Ezra Reguerra12 hours agoCoinbase holds 5% of all Bitcoin in existence: DataWhile Coinbase holds $25 billion in BTC, the exchange only owns around $200 million of Bitcoin in its wallets.6516 Total views36 Total sharesLis
Trump won’t sell US BTC if elected, what about seized assets?
Tristan Greene6 hours agoTrump won’t sell US BTC if elected, what about seized assets?Questions abound concerning the Bitfinex and Silk Road funds if Trump is re-elected.4887 Total views4 Total sharesListen to article
Coinbase Launches Cryptocurrency Visa Card in the US
Coinbase Launches Cryptocurrency Visa Card in the US U.S. customers can now apply for the Coinbase Visa, a card that allows users to spend digital assets anywher
Opera Mini’s crypto wallet MiniPay now offers USDT and USDC
Helen Partz2 hours agoOpera Mini’s crypto wallet MiniPay now offers USDT and USDCSince launching in September 2023, Opera Mini’s MiniPay app has amassed three million users.3085 Total views14 Total sharesListen to ar
Ethereum Could Be Mirroring Bitcoin’s 2018-2021 Cycle Amid Record Selling
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and pu
US Dollar Could Lose Most of Its Value in 5 Years, Investment Manager Warns
US Dollar Could Lose Most of Its Value in 5 Years, Investment Manager Warns Investment manager Larry Lepard has warned that the U.S. dollar could lose most of its value within five
Helen Partz1 hour agoCathie Wood’s ARK sells 135K Coinbase shares as price hits $90Cathie Wood is taking profits from ARK Invest’s Coinbase holdings by selling a small portion of its stash.746 Total views1 Total shar
Bitcoin whales now add just 1% to their BTC holdings per month
William Suberg8 hours agoBitcoin whales now add just 1% to their BTC holdings per monthBitcoin large-volume investors have slowed their BTC accumulation to a crawl versus the run-up to all-time highs earlier this year.34
Ex-Hedge Fund Guru Bets Big On Dogecoin As ‘Core Crypto Bet’
Este artículo también está disponible en español. Raoul Pal, the former hedge fund manager who retired at the age of 36 and now serves as the co-founder of Real Vision, a