How do you see the growth of the fintech sector in the Middle East?
It is remarkable to see the growth of fintech in the Middle East region, payment solutions, blockchain, crypto, digital banking, etc. All have made tremendous strides in innovation and implementation. The region’s growing ecosystem of startups and tech-focused individuals hold great promise to revolutionize the region as a global fintech leader. However, I think its success also comes in large part from the leaders in the region who are always forward-thinking.
Tell us about DIFX and how do you bridge the gap between traditional and digital assets?
With DIFX, we wanted to create a product that will allow users to seamlessly adapt to the growing digital economy. Our mission has always been to create a new financial order where traditional and digital assets coexist. We provide our users with a secure and assured ecosystem to trade across multiple asset classes. Our exchange allows users to freely swap assets between assets like Bitcoin and Gold, Ethereum and Apple stocks. It was impossible for a multi-asset trader and a lifetime venture capitalist to trade on different platforms for different assets. Therefore, we wanted to develop a platform that would provide a multi-asset trading environment that could easily solve this drawback for many other people facing a similar problem.
Tell us briefly about your nomination program.
As interest and investment in crypto increases every year, the need to secure your digital wealth for the future becomes imminent. We introduced the blockchain-based Nomination Program, where a user can designate a beneficiary to receive their digital funds upon death. The user can name anyone from his family, friends and relatives and allow him to legitimize his claim in case of death.
What are some of the most popular cryptocurrencies and assets listed on your exchange?
We are primarily a multi-asset exchange. On our platform, users can trade between different types of asset classes. They may have unique trading pairs like BTC and gold, Ethereum and silver, BTC and silver, etc. Traders can choose from 60 unique asset pairs and build a diversified portfolio of assets. Similarly, the exchange also hosts our own utility token called DIFX.
What is your advice to someone looking to invest in crypto assets?
Crypto is a very volatile and risky environment where ignorant/green traders often invest in projects for hype and exaggerated returns. Trading according to social media trends is not sustainable because doing research is fundamental in crypto. Unfortunately, cryptography is not always secure. Traders and crypto enthusiasts should be very aware of the possibility of scammers looking to steal their funds. Never send money to a wallet address without first checking and seeing the projects actual contract address.
What are your plans for the coming year?
We are always in a spirit of innovation and constant development. The redesign of our new brand and its launch bear witness to this state of mind. We want to create a platform that empowers users to bridge the gap between traditional and digital assets and prepare them to thrive in this digital economy. We will also be looking to get our DIFX token listed on the top crypto exchanges in the world.
Read: What next for blockchain in the Middle East?
Also read: Crypto Oasis prepares to add up to 1,000 blockchain organizations
