CoinCorner will be supported by Seed Group to expand its operations in the UAE and gain access to top decision-makers from the private as well as government sectors.
CoinCorner, a leader in Bitcoin and Lightning Network services has partnered up with Seed Group, a company belonging to the Private Office Sheikh Saeed bin Ahmed Al Maktoum in order to facilitate Bitcoin transactions within The United Arab Emirates (UAE).
Hisham Al Gurg, CEO Seed Group and the Private Office Sheikh Saeed bin Ahmad Al Maktoum, stated that "apart from individuals, many companies are ready to adopt Bitcoin and other digital currencies for future transactions." "The UAE is committed to providing a favorable environment for fintech companies through the establishment of a digital currency ecosystem. The digital economy of the Emirates holds huge potential for companies that deal in cryptocurrency.
CoinCorner will be supported by Seed Group to expand its operations in the Emirates and the wider Middle East. They will also market their products and services effectively and reach their audience.
CoinCorner will focus on creating a user-friendly platform for UAE residents to buy, sell and send bitcoins.
"We are happy to enter into a mutually advantageous partnership with Seed Group," stated Danny Scott, CEO at CoinCorner. With our unique solutions, we are determined to make Bitcoin transactions "new normal" for the UAE. We facilitate instant and frictionless payments.
CoinCorner will have access to one the fastest-growing economies, as well as the opportunity to reach potential clients based in the Middle East and Africa regions.
According to a new study by Forex, the UAE is one of the top four countries in the world that are most ready for Bitcoin adoption. With a total transaction volume of $26 billion, the UAE's crypto and bitcoin market is third in the Middle East. The market had increased by 1,500% over the last financial year. This will continue into 2020-21.
Frequently Asked Questions
Are You Ready to Invest in Gold?
The answer depends on how much money you have saved and whether gold was an investment option available when you started saving. You can invest in both options if you aren't sure which option is best for you.
Not only is it a safe investment but gold can also provide potential returns. It is a good choice for retirees.
Although most investments promise a fixed rate of return, gold is more volatile than others. As a result, its value changes over time.
This doesn't mean that you should not invest in gold. You should just factor the fluctuations into any overall portfolio.
Another benefit to gold is its tangible value. Gold can be stored more easily than stocks and bonds. It's also portable.
You can always access your gold if it is stored in a secure place. There are no storage charges for holding physical gold.
Investing in gold can help protect against inflation. You can hedge against rising costs by investing in gold, which tends to rise alongside other commodities.
Also, you'll reap the benefits of having some savings invested in something with a stable value. Gold usually rises when the stock market falls.
Gold investment has another advantage: You can sell it anytime. You can also liquidate your gold position at any time you need cash, just like stocks. You don't have to wait for retirement.
If you do decide to invest in gold, make sure to diversify your holdings. Don't put all your eggs on one basket.
Do not buy too much at one time. Start with just a few drops. You can add more as you need.
It's not about getting rich fast. Rather, it's to build up enough wealth so you won't need to rely on Social Security benefits.
And while gold might not be the best investment for everyone, it could be a great supplement to any retirement plan.
How much of your IRA should include precious metals?
When investing in precious metals, the most important thing to know is that they aren't just for wealthy people. They don't require you to be wealthy to invest in them. There are many methods to make money off of silver and gold investments.
You could also consider buying physical coins like bullion bars, rounds or bullion bars. It is possible to also purchase shares in companies that make precious metals. Your retirement plan provider may offer an IRA rollingover program.
You'll still get the benefit of precious metals no matter which country you live in. They offer the potential for long-term, sustainable growth even though they aren’t stocks.
They also tend to appreciate over time, unlike traditional investments. So, if you decide to sell your investment down the road, you'll likely see more profit than you would with traditional investments.
Is buying gold a good option for retirement planning?
Although gold investment may not seem appealing at first glance due to the high average global gold consumption, it's worth considering.
Physical bullion bar is the best way to invest in precious metals. There are other ways to invest gold. The best thing to do is research all options thoroughly and then make an informed decision based on what you want from your investments.
If you don’t have the funds to invest in safe places, such as a safe deposit box or mining equipment companies, buying shares of these companies might be a better investment. If you require cash flow, gold stocks can work well.
ETFs are an exchange-traded investment that allows you to gain exposure to the market for gold. You hold gold-related securities and not actual gold. These ETFs can include stocks of precious metals refiners and gold miners.
Statistics
- This is a 15% margin that has shown no stable direction of growth but fluctuates seemingly at random. (smartasset.com)
- Contribution limits$6,000 (49 and under) $7,000 (50 and up)$6,000 (49 and under) $7,000 (50 and up)$58,000 or 25% of your annual compensation (whichever is smaller) (lendedu.com)
- Indeed, several financial advisers interviewed for this article suggest you invest 5 to 15 percent of your portfolio in gold, just in case. (aarp.org)
- If you accidentally make an improper transaction, the IRS will disallow it and count it as a withdrawal, so you would owe income tax on the item's value and, if you are younger than 59 ½, an additional 10% early withdrawal penalty. (forbes.com)
- Gold is considered a collectible, and profits from a sale are taxed at a maximum rate of 28 percent. (aarp.org)
External Links
law.cornell.edu
- 7 U.S. Code SS 7 – Designation of boards of trade as contract markets
- 26 U.S. Code SS 408 – Individual retirement accounts
forbes.com
- Gold IRA: Add some sparkle to your retirement nest egg
- Understanding China's Evergrande Crisis – Forbes Advisor
irs.gov
cftc.gov
How To
3 Ways to Invest Gold for Retirement
It's important to understand how gold fits in with your retirement plan. You have many options for investing in gold if there is a 401K account at your workplace. You might also be interested to invest in gold outside the workplace. One example is opening a custodial accounts at Fidelity Investments if an IRA (Individual Retirement Account), if you already own one. Or, if you don't already own any precious metals, you may want to consider buying them directly from a reputable dealer.
If you do invest in gold, follow these three simple rules:
- Buy Gold with Cash – Avoid using credit cards or borrowing money to fund investments. Instead, put cash into your accounts. This will protect you from inflation and help keep your purchasing power high.
- Physical Gold Coins: You should own physical gold coins, not just a certificate. The reason for this is that physical gold coins are much more easily sold than certificates. There are no storage fees for physical gold coins.
- Diversify Your Portfolio. – Do not put all your eggs into one basket. This is how you spread your wealth. You can invest in different assets. This reduces risk and allows you to be more flexible during market volatility.
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By: Nik Hoffman
Title: Royal Family of Dubai Company Seed Group Partners With CoinCorner To Facilitate Bitcoin Transactions In The UAE
Sourced From: bitcoinmagazine.com/business/seed-group-partners-with-coincorner-to-facilitate-bitcoin-transactions-in-the-uae
Published Date: Wed, 21 Sep 2022 07:00:00 GMT
