Sri Lanka's c. bank keeps interest rates unchanged    Egypt considers subsidy reform to address rising costs    Egypt signs $40m deal with Eroglu Egypt for garment factory    Kremlin accuses NATO of direct involvement in Ukraine conflict as fighting intensifies    FRA approves establishment of first tech start-up to fund SMEs    Beltone Holding reports 812% YoY increase in operating revenue, reaching EGP 1.33bn    Egypt's engineering exports surge 32.3% to $1.6bn in 4M 2024    Al-Sisi receives delegation from US Congress    Cairo investigates murder of Egyptian security personnel on Rafah border: Military spox    Madinaty's inaugural Skydiving event boosts sports tourism appeal    Russia to build Uzbek nuclear plant, the first in Central Asia    East Asian leaders pledge trade co-operation    Arab leaders to attend China-Arab States Co-operation Forum in Beijin    Abdel Ghaffar highlights health crisis in Gaza during Arab meeting in Geneva    Tunisia's President Saied reshuffles cabinet amidst political tension    Hassan Allam Construction Saudi signs contract for Primary Coral Nursery in NEOM    Sushi Night event observes Japanese culinary tradition    US Embassy in Cairo brings world-famous Harlem Globetrotters to Egypt    Instagram Celebrates African Women in 'Made by Africa, Loved by the World' 2024 Campaign    US Biogen agrees to acquire HI-Bio for $1.8b    Egypt to build 58 hospitals by '25    Giza Pyramids host Egypt's leg of global 'One Run' half-marathon    Madinaty to host "Fly Over Madinaty" skydiving event    Coppola's 'Megalopolis': A 40-Year Dream Unveiled at Cannes    World Bank assesses Cairo's major waste management project    Egyptian consortium nears completion of Tanzania's Julius Nyerere hydropower project    Sweilam highlights Egypt's water needs, cooperation efforts during Baghdad Conference    Swiss freeze on Russian assets dwindles to $6.36b in '23    Egyptian public, private sectors off on Apr 25 marking Sinai Liberation    Debt swaps could unlock $100b for climate action    Amal Al Ghad Magazine congratulates President Sisi on new office term    Financial literacy becomes extremely important – EGX official    Euro area annual inflation up to 2.9% – Eurostat    BYD، Brazil's Sigma Lithium JV likely    UNESCO celebrates World Arabic Language Day    Motaz Azaiza mural in Manchester tribute to Palestinian journalists    Russia says it's in sync with US, China, Pakistan on Taliban    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Egypt leads MENA surge as Bitget Wallet sees 300% growth
Daily News Egypt Published in Daily News Egypt on 07 - 05 - 2024

Bitget Wallet, a leading Web3 wallet in Asia, has reported a staggering 300% growth in the Middle East and North Africa (MENA) region over the past 30 days, with Egypt leading the charge.
The full-stack, multi-chain trading wallet now serves over 20 million users globally, offering features like Swap, NFT Marketplace, a Dapp browser, and staking services. This surge in interest is reflected in download numbers, with Egypt ranking among the top 15 countries globally for Bitget Wallet.
"Non-custodial wallets are crucial for providing freedom and security to Web3 and crypto enthusiasts. The growing interest and crypto adoption in the MENA region, particularly in Egypt, is evident in the surge of Bitget Wallet downloads," said Sam A Spiers, Regional Director for Bitget MENA.
The wallet boasts a wide range of features including DeFi services, cross-chain transactions for over 40 mainnets, data aggregation from hundreds of DEXs and bridges for optimal trading routes, numerous token pairings, gas-free transactions, and automatic slippage tools.
Security remains a top priority for Bitget Wallet. It utilizes a DESM encryption algorithm and shares a $400m Protection Fund with the Bitget Exchange. Additionally, the wallet implements MPC technology, provides proactive token risk alerts, and conducts regular smart contract audits with leading security firms.
"Our initial $30m investment aimed to transform the crypto wallet experience. We're embracing the future of Web3 trading with faster transactions, unmatched DEX aggregation, and seamless cross-chain convenience," said Alvin Kan, Chief Operating Officer of Bitget Wallet.
Market research aligns with Bitget Wallet's growth, suggesting crypto wallets now represent nearly 25% of sales in the cryptocurrency market. Increased adoption and retailer acceptance of crypto payments could position wallets as a strong contender in the competitive digital payments landscape.

Clic here to read the story from its source.