Botim money and Binance Sign MoU to Explore Bringing Crypto Access to Millions in the UAE
botim money, botim’s financial services arm serving millions of users in the UAE and beyond and Binance, the world’s largest blockchain ecosystem and crypto asset exchange, have signed a Memorandum of Understanding (MoU) to explore bringing digital asset access to customers. The MoU aligns with botim’s expansion from a communications-led platform to offer a unified and inclusive fintech-first experience for UAE users, enabling them to pay, transfer, and invest within the same ecosystem. The signing took place today at Binance Blockchain Week in Dubai, marking a milestone in the growing integration of cryptocurrency into everyday finance in the region.
Under the MoU, both companies are exploring solutions that combine Binance’s digital asset expertise with botim’s fintech capabilities for the UAE market. The discussions focus on identifying practical ways to create safe and compliant access to digital assets.
The MoU reflects increasing interest in digital assets globally and across the Middle East, where regulatory frameworks support responsible financial innovation. Both companies aim to study how such services could fit within the UAE’s established regulatory landscape and how they may contribute to broader digital financial participation.
My trading changed when I stopped fighting the market and started fixing my mindset. I was my own worst enemy—overtrading after losses, exiting too early out of fear, breaking my own rules. The charts weren’t the problem; my emotions were. So I made one rule: follow my plan, no matter what. I started small. Journaled every trade. Respected my stop losses. Took breaks when frustrated. It wasn’t easy, but slowly, my discipline grew stronger than my doubts. The profits didn’t come overnight, but the peace of mind did. I became consistent. And consistency built my account. If you’re struggling with your emotions in trading, know this: the battle is won in your mind first. Master yourself, and the market gets easier.
Latin America's top 5 destinations known for their embrace of cryptocurrencies, covering popular escapes and key infrastructure. The locations featured are:
✅BUENOS AIRES (ARGENTINA) Thames 1290 Argentina is a leader in Latin American crypto adoption due to high inflation of its local currency, with a significant percentage of the population investing in cryptocurrencies. The capital city, Buenos Aires, allows residents to pay certain taxes and administrative fees using digital assets, and the country has many businesses and ATMs that accept crypto payments.
✅El Zonte Town in El Salvador El Zonte, El Salvador: Known as "Bitcoin Beach", this small surfing village was the inspiration for El Salvador becoming the first country in the world to adopt Bitcoin as legal tender in 2021. The local economy in El Zonte heavily uses Bitcoin for everyday transactions, attracting "crypto tourists" from around the globe.
✅Mexico City Capital of Mexico Mexico City, Mexico: Mexico has a robust crypto infrastructure and was a pioneer in Latin America with its 2018 Fintech Law. While not legal tender, cryptocurrencies are recognized as a means of payment, and Mexico City is a growing hub for crypto events and businesses.
✅Panama City Capital of Panama Panama City, Panama: Panama is considered a crypto-friendly jurisdiction primarily due to its lack of capital gains tax on foreign-sourced income and a stable economy using the US dollar as its official currency. Panama City's mayor recently enabled the payment of municipal taxes and fees using cryptocurrencies, which are instantly converted to US dollars via a partner bank.
✅PRESA DE ITAIPU Dam Paraguay Paraguay uses its vast surplus of clean hydroelectric power from the Itaipu Dam (which it co-owns with Brazil) as a major hub for sustainable Bitcoin mining operations. This has positioned Paraguay as an attractive location for crypto mining companies and investors seeking cheap, renewable energy.
Binance doesn’t dominate the industry only because of its trading volume, or its reputation as the most recognized exchange in the world. While competitors seem almost invisible, or focus mainly on their online presence, Binance has positioned itself as almost omnipresent in many countries globally.
I’ve been travelling recently, and the first brand I often see is Binance. For example from my window at the marina I can see a billboard playing Binance ads every 2–3 minutes. Even people who aren’t into crypto yet will naturally lean toward Binance the moment they decide to buy their first coin. If no one recommends another platform to them, familiarity wins.
Seeing a brand every day imprints it into the subconscious mind over time it feels natural, safe, and trusted. Yes, some exchanges are focusing on specific regions now, but once regulations become clear everywhere, competing with Binance’s global local-awareness strategy will be extremely difficult.
XRP Forecast 2025-2030: Technical Analysis & Price Development at $2.04-
Ripple (XRP) is one of the most well-known cryptocurrencies and plays a crucial role in international payments. The analysis in this article highlights the forecasts for Ripple (XRP) from 2025 to 2030 and provides an overview of the factors that could influence the price. Whether you want to invest in cryptocurrencies or are just curious, this information is indispensable. What is Ripple (XRP)? Ripple (XRP) is the cryptocurrency developed by Ripple Labs, a company specialized in solutions for fast and cost-effective cross-border payments. Unlike Bitcoin and Ethereum, XRP uses a consensus mechanism instead of energy-intensive mining. This makes Ripple (XRP)’s transaction speed very high, and the fees are low, making it an attractive option for international transfers. XRP’s Founders and History Ripple (XRP) was founded in 2012 by Ripple Labs, a company initiated by Chris Larsen and Jed McCaleb. The founders’ vision was to create a more efficient and cheaper solution for international payments. Ripple Labs aimed to revolutionize the slow and expensive cross-border payments caused by traditional banking systems. Initially, Ripple (XRP) was referred to as “Ripple” and served as a protocol for financial institutions to accelerate payments worldwide. Ripple Labs developed a unique technology called “RippleNet,” which enables financial institutions to send money in real-time across borders. In 2013, the company changed the token’s name to “XRP” to separate it from the company name and achieve greater acceptance in the cryptocurrency and financial world. Since then, XRP has increasingly established itself as a preferred solution for international payments, with Ripple Labs entering partnerships with major financial institutions and payment providers worldwide. Despite some legal challenges, including an ongoing lawsuit with the U.S. Securities and Exchange Commission (SEC), XRP remains one of the most well-known and widely used cryptocurrencies.
How I Created a Precise and Modern Definition of Tokenization
How I Created a Precise and Modern Definition of Tokenization — A Deep Dive into Law, Economics and Web3 Architecture
Understanding tokenization today is not as simple as it seems. When I set out to create a clear and accurate definition of tokenization — something that would work for RWA, DeFi, DAO governance, digital assets and blockchain-based financial systems — I quickly realized how outdated most explanations are.
If you want to understand tokenization the way it works in real Web3, you have to go deeper.
1. Tokenization begins with law, not code.
Before you can represent anything on-chain, you must understand the legal nature of the rights being tokenized. I broke down: - ownership vs. claims, - participation rights, - economic exposure to an asset or cash flow, - how off-chain assets are linked to on-chain tokens, - which tokenization models are recognized in different jurisdictions.
2. Tokenization is an economic mechanism, not just a technical one.
Most definitions ignore the economic side of tokenization. In reality, tokenization transforms economic rights into a digital, transferable and composable structure that can: - be fractionalized, - be transferred instantly, - be automated through smart contracts, - interact with DeFi protocols, - generate yield or distribute revenue.
To make the definition accurate, I accounted for: - blockchain vs DLT models, - token standards, - smart-contract logic, - transfer restrictions and permissions, - composability across DeFi protocols, - on-chain and off-chain accounting systems.
4. The critical distinction: tokenization ≠ token creation.
This misunderstanding is everywhere. Creating a token does not mean tokenizing an asset. Tokenization means representing legally defined rights in digital token form — not launching a new cryptocurrency.
The Final Definition of Tokenization: Tokenization is the process of representing rights or participation in an asset or project as digital tokens on a blockchain.
And here is the extended version: Tokenization is the process of converting legally defined rights — ownership, claims, participation, access or economic exposure — into digital tokens on a blockchain. These tokens can represent different types of rights or the underlying real-world asset itself. They can be transferred, divided, automated through smart contracts and integrated into other Web3 protocols. Tokenization increases liquidity, reduces transaction costs, improves transparency and enables new financial models in the digital asset economy.
This formulation is suitable for RWA platforms, DAO documentation, DeFi protocols, investor presentations and legal frameworks.
The IMF just dropped a report on stablecoins, and honestly, the numbers are eye popping.
The top two stablecoins now have a market cap of $260 billion, and in 2024 alone, trading volume shot up 90% to $23 trillion. That’s massive.
But here’s the thing, even with all this tech, sending money across borders still feels stuck in the Stone Age. Some remittances eat up 20% of what you’re trying to send home. That’s just broken.
Stablecoins look like they could finally fix this mess. Transfers are faster and way cheaper, thanks to distributed ledgers, and that could open up basic financial services for people who have been shut out.
But there’s a catch. If everyone starts using dollar or euro backed tokens, local currencies might get left behind. Suddenly, entire economies could be at the mercy of someone else’s monetary policy.
The IMF wants everyone on the same page when it comes to regulation, hoping to cut down on loopholes and weak oversight.
But let’s be real, big economies can’t even agree on the basics, so the rules are all over the map right now. The big debate is whether this patchwork kills innovation or if it’s the only way to keep things in check.
So where does that leave emerging markets?
Should they jump on stablecoins and skip a generation of banking infrastructure, or focus on fixing what they have got to keep control over their own money?
Binance blockchain Week was a pretty good experience.
Conversations about -
- how bad the market is - Stablecoins - RWA - Prediction Markets
And of course the whole tokenized gold vs bitcoin conversation, to be fair Peter had several merits to his conversation.
Majority of crypto payments that occur are BTC>>>USDT>>>USD through on ramping/off ramping, it’s unlikely merchants are going to accept bitcoin or any other currency not stable in price.
The current scenario is such that a lot of banks don’t even offer, banking services to firms dealing with crypto. Hopefully this is the next thing that changes.
Although they may seem similar, cryptocurrencies and tokens have key differences. Cryptocurrencies, like Bitcoin, are digital currencies native to their own blockchains and act as a medium of exchange. Tokens, on the other hand, are created on existing blockchains like Ethereum and represent assets or utilities within specific projects.
Cryptocurrencies are typically intended to function as digital money, used for transactions and storing value. Tokens, however, can serve various purposes such as providing access to services, enabling governance participation, or representing physical assets. This versatility makes tokens widely used in decentralized applications.
In short, every cryptocurrency is a digital asset, but not every digital asset is a cryptocurrency. Understanding this difference is essential to navigate the digital asset market more clearly. Both play unique roles in building the blockchain technology ecosystem.
🥖 Convert local fiat to stablecoins (USD → USDC) 🥬 Move stablecoins instantly across borders (the infrastructure layer) 🥖 Convert stablecoins to local fiat (USDC → SGD)
The middle layer, where stablecoins actually move, is where the magic (and the complexity) happens.
Fast settlement, zero gas friction, cross-chain compatibility, enterprise security → That's the layer we built, so financial institutions can offer instant global payments without becoming infrastructure experts.
A common misconception is that real estate in Dubai can be purchased directly with cryptocurrency. In reality, crypto is only accepted as a funding source, not as a settlement currency.
➤ Here is the transaction process for both primary and secondary market: - Select an eligible project listed by a developer who accepts crypto (Damac, Nakheel, Ellington, Omniyat and Arada) - Agree on the terms, including the crypto type, payment plan, and value in AED - Engage a licensed payment processor - This payment processor must ensure compliance with the rules set by DLD and VARA - Both parties must undergo KYC checks and comply with Anti-Money Laundering Guidelines - Register the title deed upon successful completion and verification of funds
➤ Key considerations: • Crypto may fund the purchase, but the property is always registered in fiat • Developers do not receive crypto directly — conversion happens first • P2P crypto-for-property deals are not recognised by DLD • Smart contracts and tokenisation do not create legal ownership • Untraceable crypto funds can result in transaction rejection • Frequent payment plans usually mean higher conversion costs
As a result, in Dubai, crypto can fund a property purchase, but it cannot complete one. Ownership only arises through fiat settlement and registration with Dubai Land Department. ➤ Crypto is therefore a payment method, not a legal settlement mechanism.