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Dubai has officially approved the use of cryptocurrency for salary payments, marking a significant step in integrating digital currencies into the financial system. This new regulation allows employers in Dubai to pay employees in approved cryptocurrencies, offering greater flexibility and modernizing payment methods. The move aligns with Dubai’s broader strategy to position itself as a global hub for innovation and digital finance. The approval comes with specific guidelines to ensure compliance with financial regulations and secure transactions. This initiative aims to attract tech-savvy businesses and individuals, further enhancing Dubai's reputation as a forward-thinking financial center #Dubai #Crytocurrency #PaymentServices
Dubai has officially approved the use of cryptocurrency for salary payments, marking a significant step in integrating digital currencies into the financial system. This new regulation allows employers in Dubai to pay employees in approved cryptocurrencies, offering greater flexibility and modernizing payment methods.
The move aligns with Dubai’s broader strategy to position itself as a global hub for innovation and digital finance. The approval comes with specific guidelines to ensure compliance with financial regulations and secure transactions. This initiative aims to attract tech-savvy businesses and individuals, further enhancing Dubai's reputation as a forward-thinking financial center
#Dubai #Crytocurrency #PaymentServices
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#PaymentServices New Use Case: Payment-Free Mortgage Another use case the re.al team is excited about, Singh said, is on-chain loans against the property. The way RWA works, users don’t pay interest every month in the same way they would with a mortgage. “It just eats into your collateral.” For real estate, the typical interest rate on-chain increases by some 5% a year. Therefore, said the CEO, “what you end up with is a payment-free mortgage, payment-free loan, which I think is a very appealing product if you can package it correctly and get the regulatory stuff sorted.” #DAVIDO #CEO. This payment-free loan doesn’t currently exist. However, the average American spends more than half of their income on their primary dwelling. Imagine freeing up those funds, the CEO suggested. As the tech progresses and unlocks areas we previously couldn’t understand, “I think we will find novel use cases and things that weren’t previously possible because of the composability of DeFi,” he said. #DAVIDO Furthermore, on the crypto native side, there’s a demand amongst most crypto/DeFi native users for real-world assets that basically allow people to diversify and hedge their gains. DeFi natives have capital sitting on-chain and want to keep it there. “In the short term, that’s what I’m most excited about,” Singh said, “building for that audience that’s already here right now and just wants more and more assets, basically, so that their entire network, everything will just sit on-chain.” Tokenized Watches Are Out, But Speculating on Their Price is In Besides real estate, re.al sees a lot of appetite in a few other areas as well. Notably, watches and wines aren’t it. The team spent a lot of time making partnerships and handling the logistics that such large services demand – but there was no demand. For watches specifically, people want to wear them, Singh argued. They don’t want to keep them on-chain. {spot}(USDCUSDT) However, what they want to be able to do is speculate on their prices. “This is going to go up,” the CEO remarked.
#PaymentServices New Use Case: Payment-Free Mortgage

Another use case the re.al team is excited about, Singh said, is on-chain loans against the property.

The way RWA works, users don’t pay interest every month in the same way they would with a mortgage. “It just eats into your collateral.”

For real estate, the typical interest rate on-chain increases by some 5% a year.

Therefore, said the CEO, “what you end up with is a payment-free mortgage, payment-free loan, which I think is a very appealing product if you can package it correctly and get the regulatory stuff sorted.”
#DAVIDO #CEO.
This payment-free loan doesn’t currently exist. However, the average American spends more than half of their income on their primary dwelling. Imagine freeing up those funds, the CEO suggested.

As the tech progresses and unlocks areas we previously couldn’t understand, “I think we will find novel use cases and things that weren’t previously possible because of the composability of DeFi,” he said.
#DAVIDO
Furthermore, on the crypto native side, there’s a demand amongst most crypto/DeFi native users for real-world assets that basically allow people to diversify and hedge their gains.

DeFi natives have capital sitting on-chain and want to keep it there.

“In the short term, that’s what I’m most excited about,” Singh said, “building for that audience that’s already here right now and just wants more and more assets, basically, so that their entire network, everything will just sit on-chain.”

Tokenized Watches Are Out, But Speculating on Their Price is In

Besides real estate, re.al sees a lot of appetite in a few other areas as well.

Notably, watches and wines aren’t it.

The team spent a lot of time making partnerships and handling the logistics that such large services demand – but there was no demand.

For watches specifically, people want to wear them, Singh argued. They don’t want to keep them on-chain.

However, what they want to be able to do is speculate on their prices. “This is going to go up,” the CEO remarked.
The "Hamstar Kombat Mining Project"#Hamstercombo might refer to the #DOGSONBINANCE located in Namibia, specifically in the Otavi Mountain region. This mining project has a long history dating back to the early 1900s and has seen several periods of operation and dormancy.#PaymentServices Key Points about the Kombat Mine: Location The Kombat Mine is situated in Namibia, approximately 37 kilometers from the town of Otavi. - **Resources**: The mine is known primarily for its copper, but it has also produced significant amounts of lead, zinc, and silver over its history. - **History**: The Kombat Mine has been operational at various times since the early 20th century. It has gone through different phases of development, ownership changes, and production levels, often influenced by global commodity prices. - **Recent Developments**: In the 21st century, there have been efforts to revive and expand the mine, with modern exploration and development activities aimed at exploiting the rich mineral deposits in the area. The name "Hamstar Kombat" might be a playful or misspelled version of the actual name, "Kombat Mine." If this isn’t what you were looking for, feel free to provide more details!
The "Hamstar Kombat Mining Project"#Hamstercombo might refer to the #DOGSONBINANCE located in Namibia, specifically in the Otavi Mountain region. This mining project has a long history dating back to the early 1900s and has seen several periods of operation and dormancy.#PaymentServices

Key Points about the Kombat Mine:
Location The Kombat Mine is situated in Namibia, approximately 37 kilometers from the town of Otavi.
- **Resources**: The mine is known primarily for its copper, but it has also produced significant amounts of lead, zinc, and silver over its history.
- **History**: The Kombat Mine has been operational at various times since the early 20th century. It has gone through different phases of development, ownership changes, and production levels, often influenced by global commodity prices.
- **Recent Developments**: In the 21st century, there have been efforts to revive and expand the mine, with modern exploration and development activities aimed at exploiting the rich mineral deposits in the area.

The name "Hamstar Kombat" might be a playful or misspelled version of the actual name, "Kombat Mine." If this isn’t what you were looking for, feel free to provide more details!
🚀 Elon Musk's New Payment Services on X! 🚀Elon Musk plans to launch payment services on the rebranded X platform (formerly Twitter) by mid-2024. While crypto integration seems distant for now, there are expectations that cryptocurrencies like Dogecoin and Bitcoin could be part of this system in the future.Stay tuned for more updates! #ElonMusk #PaymentServices #Dogecoin‏⁩ #Bitcoin #Crypto $DOGE
🚀 Elon Musk's New Payment Services on X! 🚀Elon Musk plans to launch payment services on the rebranded X platform (formerly Twitter) by mid-2024. While crypto integration seems distant for now, there are expectations that cryptocurrencies like Dogecoin and Bitcoin could be part of this system in the future.Stay tuned for more updates!
#ElonMusk #PaymentServices #Dogecoin‏⁩ #Bitcoin #Crypto $DOGE
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