We are happy to say that on June 9th, the Oman based start-up Digital Digits LLC launched their cryptocurrency brokerage platform Easy Coins. This platform is powered by our NEXUS technology for automated token, crypto and fiat transaction processing and brought to Oman together with our partner Connected Chains.
The Easy Coins platform allows residents of Oman to buy and sell cryptocurrency locally and is the first non-custodial crypto provider in the Middle East. With the help of NEXUS, it enables users to access Bitcoin, Ethereum and Stellar (and other cryptocurrencies in the future) using Omani riyals through the local payment method Thawani. Funds transferred to Easy Coins are instantly traded for cryptocurrencies by NEXUS and then automatically sent to the client’s personal wallet. Alternatively, cryptocurrencies sent to Easy Coins are traded automatically by NEXUS and payed out within 1-3 working days.
In the original press release, H.H. Sayyid Azzan bin Kais al Said, co-founder of Digital Digits LLC, said “Easy Coins is a great step forward for Oman to have a local platform that enables access to the global blockchain networks. Such access further promotes the local blockchain ecosystem to a global standard”.
Dr. Khalid M.W. Tahhan, managing partner of our local NEXUS partner company Connected Chains said “We are proud to be part of the launch of Easy Coins, that is built on NEXUS, this highlights our robust and secure SaaS solution in managing tokens. We are also keen on showcasing to Oman Central Bank how NEXUS can easily issue, manage and govern token issuances like CBDCs for direct or indirect distribution mode. We are keen to engage with them on their CBDC journey and help them achieve their goals.”
Our NEXUS technology can be used in several ways, such as for IoT payments, asset tokenization, stablecoins and cryptocurrency brokerage and custodian services. We see the launch of Easy Coins based on our brokerage model as a great step forward in bringing our technology to the Gulf Region, a region with a fast-developing ICT-sector and a positive attitude towards blockchain technology. We are excited to bring more of our technology to the Gulf Region in cooperation with Connected Chains.
You can learn more about our NEXUS cryptocurrency services here and in the video below.