Hubpay and Aquanow Unveil UAE's First Regulated Cryptocurrency Payment Gateway

Hubpay, a leading UAE cross-border payments platform, has partnered with Aquanow, a global digital asset infrastructure provider, to launch the UAE's first fully regulated cryptocurrency payment facility for businesses and SMEs.

This will make it possible for companies in a number of sectors, such as manufacturing, real estate, and general trading, to safely and easily accept cryptocurrency payments in addition to conventional fiat transactions.

The Financial Service Regulatory Authority (FSRA) oversees Hubpay in the Abu Dhabi Global Market, whereas Dubai's Virtual Asset Regulatory Authority (VARA) oversees Aquanow ME FZE. Businesses worldwide can now receive regulated cryptocurrency payments through Hubpay's platform, which is powered by Aquanow.

With a 42% increase in cryptocurrency transactions year over year, the UAE is solidifying its position as a global hub for fintech and digital assets, making this partnership timely.

Local and international users can transact in cryptocurrencies in a recognizable payment environment thanks to Aquanow's digital asset infrastructure and Hubpay's regulated payment network.

Phil Sham, CEO of Aquanow, stated, "We're excited to work with Hubpay to bring real-world utility to digital assets in the MENA region." Cryptocurrency is no longer simply an investment tool. It is a practical and efficient method of conducting high-value transactions. We reduce friction in large-scale transactions for buyers, sellers, and investors by integrating our technology with Hubpay's regulated payments framework."