Manama, Bahrain; CoinMENA, a Bahrain-based digital asset exchange, has announced its partnership with Beyon Money, a financial services super app powered by Batelco Financial Services, to give users across the Kingdom the chance to earn up to 5% cashback when they deposit money into their CoinMENA crypto asset wallets, a first-of-its-kind service in the region.
“This offering is attractive to existing and potential investors in crypto assets as it will encourage new investment and participation in the industry. Additionally, it will help address the challenge investors face when moving their investment from fiat to crypto and back, ensuring their experience and journey is smooth,” said CoinMENA co-founders Talal Tabbaa. and Dina Sam’an, in a recent joint statement. “This is what sets us apart as a brand and what we intend to build on as we partner with fintech providers like Beyon Money moving forward.”
Beyon Money Classic and Platinum cardholders earn 3% and 5% cashback, respectively, for using their cards to deposit into their crypto wallets on CoinMENA.
Beyond the financial advantage, Beyon Money users will now have access to all the benefits and alternative investment solutions offered by CoinMENA, the fastest growing cryptocurrency exchange in the Middle East. with an average growth rate of 140% month-on-month since its inception.
The partnership between CoinMENA and Beyon Money will further strengthen Bahrain’s position as a leading crypto hub in the region. The Kingdom was the first GCC country to come up with onshore regulations for cryptocurrencies, allowing established banks and financial institutions to work with crypto exchanges so customers can easily withdraw and deposit their investments.
Looking ahead, CoinMENA aims to expand its current cryptocurrency portfolio with the goal of becoming one of the world’s leading providers of crypto financial services. “In the short term, we will also start offering web 3.0 and crypto rails based financial services, including borrowing, lending and staking,” Sam’an said, while Tabbaa added, “C is the future of finance as we see it. and are determined to be at the forefront of this exciting development.
Based in the Kingdom of Bahrain, CoinMENA is a digital asset exchange licensed and regulated by the Central Bank of Bahrain (CBB). CoinMENA seeks to empower new and seasoned investors across the MENA region, who want access to non-traditional investment options, by allowing them to participate in the new digital economy. Through CoinMENA, investors can securely buy, sell, store, and receive digital assets, as well as deposit and withdraw in their local currency. With competitive fees, high liquidity, and an educational approach, CoinMENA aims to be the easiest and most trusted digital asset exchange in the region.
About Beyon Money
The Beyon Money super app was launched in January 2022 by Batelco Financial Services, a subsidiary of Batelco and the first GCC telecommunications subsidiary to be licensed to operate a financial service by the Central Bank of Bahrain. It is the first all-digital financial super app to bring direct access to open banking to consumers in Bahrain, connecting all banks in the Kingdom in one app. Users will be able to view all transactions with their banks and with their cards, as well as easily make and transfer funds between accounts and within their digital wallet. It also includes Visa prepaid cards, stored value wallet and digital money transfer services.
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CoinMENA Launches Region’s First Cashback Offer For Cryptocurrency Deposits
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