Huobi & CASHU Makes Buying Cryptocurrency Effortless & Easy For Millions Across North Africa & The Mideast

Huobi & CASHU Makes Buying Cryptocurrency Effortless & Easy For Millions Across North Africa & The Mideast

Comments Off on Huobi & CASHU Makes Buying Cryptocurrency Effortless & Easy For Millions Across North Africa & The Mideast

Huobi’s partnership with the regional online payments provider CASHU puts crypto within easy reach of millions of underserved users.

DUBAI, United Arab Emirates, July 18, 2019 /PRNewswire/ — Huobi and the MENA-regional online payments giant CASHU are making accessing cryptocurrency as easy as buying a Netflix subscription or paying a bill for millions of people across the often-underserved regions of North Africa and the Middle East.

Thanks to their new partnership, nearly 2.3 million CASHU users can now buy and sell Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Bitcoin Cash (BCH), and EOS (EOS) directly from CASHU’s mobile app. Users don’t need access to a bank account and can even pay in local currencies. Users on CASHU’s mobile app can make crypto transactions as easily and effortlessly as they would paying a bill or signing up for online services.

“A core part of Huobi’s mission has always been making global wealth more accessible so we’re excited to be taking this step with CASHU in furthering our mission,” said Livio Weng, CEO of Huobi Global.

The partnership with CASHU was led and managed by Huobi MENA, Huobi’s Dubai-based Middle Eastern, African, and Turkish branch. “The partnership between Huobi and CASHU is a unique business model that enables virtual digital assets trading to CASHU’s millions of users through a simple mobile app. This unique business model empowers even the unbanked population to trade in cryptos,” said Mohit Davar, co-founder of Huobi MENA. He further added, “We are very excited about this partnership and business model. We will be looking to replicate this with other partners in other countries also.”

Thaer M. Suleiman, CEO of CASHU, also commented on the new partnership. “We are excited about this partnership with Huobi to provide millions of users in the MENA region with the ability to trade cryptocurrencies the easiest way,” he said. “We hope this would be a start of a very fruitful opportunity to bring the experience of Cryptocurrency Trading to a very dynamic, young and exponentially growing region.”

About CASHU & The Partnership:

CASHU is used as a payment method by nearly 2.3 million users and more than 75,000 vendors spread across the Middle East and North African regions as well as 7,000 online merchants and service providers globally. CASHU utilizes sophisticated fraud prevention, Know Your Customer (KYC), and Anti-Money Laundering (AML) systems which meets global standards and reduce the risks associated with online payments for both buyers and merchants.

CASHU is designed from the ground up to accommodate users without access to a bank account. Users can make payments in local fiat currencies with CASHU’s local merchants in order to add credits to their account balances. Using that same balance, the customers can buy cryptos instantly. In addition, customers who wants to physically own cryptos can register an account directly with Huobi and trade over 400+ cryptos.

CASHU charges users a modest and transparent 2% transaction fee for buying and selling cryptos with local currencies – a relative bargain in a region where local currency markups are commonly much higher.

“We’ve seen very strong interest in crypto across MENA but a constant pain point users face is how to access it when all that user has is local fiat currency,” said Davar. “This initiative is a big step towards fixing this problem.”

For media inquiries, contact: media@huobi.com

About Huobi Group:

Consisting of numerous upstream and downstream enterprises, Huobi Group is a leading global blockchain company. Established in 2013, Huobi Group’s accumulative turnover exceeds US $1 trillion. It proudly provides safe, secure, and convenient cryptocurrency trading and asset management services to millions of users in 130+ countries. For more info, visit www.hbg.com

For more information please contact:
Jiayi Li
+65-9229-5769
media@huobi.com

Logo – https://mma.prnewswire.com/media/948969/Huobi.jpg

admin

Related Posts

Modo Partners with Etihad Airways to Co-Create Loyalty Solution as part of the FinTech Abu Dhabi Innovation Challenge

Comments Off on Modo Partners with Etihad Airways to Co-Create Loyalty Solution as part of the FinTech Abu Dhabi Innovation Challenge

‫شركة جونسون أند جونسون تطلق مسابقة الابتكار لأفريقيا 2.0

Comments Off on ‫شركة جونسون أند جونسون تطلق مسابقة الابتكار لأفريقيا 2.0

Second Annual JCS International Young Creatives Award Presented At 2018 International Emmy World Television Festival

Comments Off on Second Annual JCS International Young Creatives Award Presented At 2018 International Emmy World Television Festival

‫معرض إضاءة الليد والإشارات الإعلانية 2020 يعقد في مركز المعارض الجديد في شنجن بتوفير حل الخطوة الواحدة لصناعة الليد والإشارات

Comments Off on ‫معرض إضاءة الليد والإشارات الإعلانية 2020 يعقد في مركز المعارض الجديد في شنجن بتوفير حل الخطوة الواحدة لصناعة الليد والإشارات

‫إقامة حفل جوائز جائزة السلام سنهيك 2019 في سيؤول وتقديم الجائزة لأكينوومي أيودي أديسينا وواريس ديري

Comments Off on ‫إقامة حفل جوائز جائزة السلام سنهيك 2019 في سيؤول وتقديم الجائزة لأكينوومي أيودي أديسينا وواريس ديري

شركة البحر الأحمر العالمية وخدمات حلول التأجير تشكلان تحالفاً استراتيجيا

Comments Off on شركة البحر الأحمر العالمية وخدمات حلول التأجير تشكلان تحالفاً استراتيجيا

‫طلبة نورد أنجليا للتعليم يحققون نتائج أعلى بـ 10 بالمئة عن المعدل العالمي في اختبار برنامج البكالوريا

Comments Off on ‫طلبة نورد أنجليا للتعليم يحققون نتائج أعلى بـ 10 بالمئة عن المعدل العالمي في اختبار برنامج البكالوريا

JA Solar Further Expands Reach in Mexican Market

Comments Off on JA Solar Further Expands Reach in Mexican Market

Grindr and MOSAIC Release New Survey Report, Capturing Experiences of GBTQ Community in Middle East and North Africa

Comments Off on Grindr and MOSAIC Release New Survey Report, Capturing Experiences of GBTQ Community in Middle East and North Africa

شركة تريننغ ذي ستريت تعين أنكور ميتال رئيسا لقسم آسيا والشرق الأوسط

Comments Off on شركة تريننغ ذي ستريت تعين أنكور ميتال رئيسا لقسم آسيا والشرق الأوسط

‫شركة سيرافيم تخطط لافتتاح أول مصنع لخلايا الطاقة الشمسية بقدرة 500 ميغاواط في أفريقيا

Comments Off on ‫شركة سيرافيم تخطط لافتتاح أول مصنع لخلايا الطاقة الشمسية بقدرة 500 ميغاواط في أفريقيا

منظمة الحفلات الأسطورية ألبين كليريت تتشارك مع سوني إنترناشيونال لاستضافة حفل لفيلم “ذات مرة … في هوليوود” في كان الفرنسية

Comments Off on منظمة الحفلات الأسطورية ألبين كليريت تتشارك مع سوني إنترناشيونال لاستضافة حفل لفيلم “ذات مرة … في هوليوود” في كان الفرنسية

Create Account



Log In Your Account