The Middle East & Africa contains over 20 countries and boasts more than 400 million residents. For this reason, Huobi Group recently decided to create and develop Huobi MENA, short for Huobi Middle East & Africa, to expand its global brand and uniqueness. The exchange is current live at and can be viewed at
https://www.huobimena.com (
https://www.huobimena.com/)
During “The World Blockchain Summit” in Dubai, #WBSDubai, Huobi MENA was part of the global series of elite gatherings on October 24th & 25th at Jumeirah Emirates Towers Hotel in Dubai. In addition, Mr. Mohit Davar, the Co-Founder & Director of Huobi MENA, was a speaker at the World Blockchain Summit and gave a powerful presentation. Mr. Davar is also Chairman of the International Money Transfer Network. Attendees consisted of crypto influencers, industry speakers, founders, advisors, advocates, and even supermodel- Nikita Sachdev to talk about a variety of topics in blockchain.
The Middle East is aterm traditionally applied by western Europeans to the countries of SW Asia and NE Africa lying west of Afghanistan, Pakistan, and India. Thus defined, it includes: Cyprus, the Asian part of Turkey, Syria, Lebanon, Israel, the West Bank and Gaza, Jordan, Iraq, Iran, Saudi Arabia, Yemen, Oman, United Arab Emirates, Qatar, Bahrain, Kuwait, Egypt and Libya. The problem arises when each country has their own currency making it difficult to transact using a single currency across all the regions. You see where I’m going here…
If we were to use digital currencies to transact across borders, it will make life a lot easier and business all the more successful. In the age of the global Internet, sending money abroad has become an easier and faster process than it was in decades past. It’s now possible for somebody in Yemen to send a payment to a friend in Cyprus in a matter of seconds — something that previously could only be done with a banking intermediary can now be done between individuals on their mobile phones. All thanks to Huobi MENA and Huobi Global.
A 2015 report by McKinsey & Company (
https://www.mckinsey.com/~/media/McKinsey/Industries/Financial%20Services/Our%20Insights/Rethinking%20correspondent%20banking/Rethinking-correspondent-banking.ashx) found that the average time to complete a cross-border transaction was 3 to 5 business days, while cryptocurrency payments are generally done in a few minutes. And importantly are irreversible unless the recipient agrees to do so. No more issues with buyers improperly submitting payment reversals. Fees are another area where cryptocurrencies comes out on top. Cryptocurrency transactions avoid many of the complicated costs such as payment processor fees and exchange rate charges.
Huobi is the leading global cryptocurrency exchange and Blockchain asset financial service provider, consisting of Huobi OTC, Huobi Pro, Huobi China, Huobi Mining Poo and now Huobi MENA. Huobi Global currently has users in more than 130 countries and has offices in Singapore, the United States, Japan, Korea, and Hong Kong. Underpinned by world class security and risk control systems, Huobi is one of safest exchanges in the market today. Huobi Pro is also proud to be the first cryptocurrency exchange that provides 24/7 customer service.
To learn more, visit the Huobi website (
https://www.huobi.com/?utm_source=GlobalWriters) and if you don’t have an account already, be sure to create one here (http://[Suspicious link removed]/2HK1PPs). #HuobiGroup joins the #Middle East and #Africa, #WBSDubai, #WorldBlockchainSummitDubai, #Mr.MohitDavar
You can also find Huobi online at:
Huobi Global Website:
https://www.huobi.com (
https://www.huobi.com/)
Huobi Global Telegram Group:
https://t.me/huobiglobalofficial (
https://t.me/huobiglobalofficial)
Blog:
https://blog.huobi.com/ (
https://blog.huobi.com/)
Facebook:
https://www.facebook.com/huobiglobalofficial (
https://www.facebook.com/huobiglobalofficial)
Instagram:
https://www.instagram.com/huobiglobalofficial (
https://www.instagram.com/huobiglobalofficial)
Medium:
https://medium.com/@huobiglobal (
https://medium.com/@huobiglobal)
Twitter:
https://twitter.com/HuobiGlobal (
https://twitter.com/HuobiGlobal)
Youtube:
https://www.youtube.com/HuobiGlobal (
https://www.youtube.com/HuobiGlobal)
** Note: *The material provided herein is general in nature and does not take into account your objectives, financial situation or needs. While every care has been taken in preparing this material, we do not provide any representation or warranty (express or implied) with respect to its completeness or accuracy. For the avoidance of doubt, this article is solely intended to be for general information only and does not in any way constitute as professional advice or financial advice. This is not an invitation or an offer to buy or sell cryptocurrencies, nor is it a recommendation to buy or sell specific types of cryptocurrencies. Trading cryptocurrencies carries a high level of risk that may not be suitable for some. Consider your investment objectives, level of experience, financial resources, risk appetite and other relevant circumstances carefully. The possibility exists that you could lose some or all of your investments, including your initial deposits. If in doubt, please seek independent expert advice.
