Dubai is a world leader in the digital finance market, and among the most recent developments is Emirates NBD, Dubai's state-owned bank, introducing crypto trading through the Liv X mobile banking app. The app enables customers to buy and sell cryptocurrencies such as Bitcoin and Ethereum via their phones.
Liv X App is integrating Aquanow, an accredited digital assets platform, to facilitate the process of making it possible for one to be in a position to sell and buy cryptocurrencies. Aquanow is regulated by the Virtual Assets Regulatory Authority (VARA), which is located in Dubai, and that simply implies it's all spot-on and secure. That is a titanic step for Dubai in the sense that it is further becoming a hub for cryptocurrency and digital finances.
What is the Liv X App?
Liv X App is an app through which you can trade and manage your money and cryptocurrencies. The app is simple and designed for clients who want to sell and purchase digital assets on a secure platform. The app is connected to Aquanow, which implies that all transactions are safe and comply with VARA's rules set in advance.
With the Liv X App, you can monitor the price of most cryptocurrencies, purchase and sell them, and manage your crypto portfolio from the comfort of your mobile phone. This synthesis of selling and buying cryptocurrencies with conventional finance products is a great measure to make it easy and accessible.
Why It Matters to Dubai?
Dubai has been competing to be among the world's top cities for digital finance and cryptocurrency for quite a while now. The government explained what crypto companies should do, which helped many major crypto giants. Binance, OKX, and Crypto.com are some of them that have licenses to function in Dubai. Emirates NBD is chasing such crypto operators with big names by launching crypto facilities for trading through Liv X.
Liv X App is an exchange cryptocurrency app and a mobile phone banking app whereby a person can do all his or her finances in one location. The app provides the traditional banking element of saving, lending, and payments with the extra option of trading cryptocurrencies. This means that a person can be fully submerged in the world of cryptocurrencies without leaving behind his or her daily finances.
How Does Liv X App Work?
Liv X App is convenient. Customers can buy and sell cryptocurrency from their phones. Liv X online banking does this through the Aquanow licensed digital asset platform. The switch guarantees that all transactions done through the app are safe and in accordance with Dubai laws regarding digital finance. The alliance assures that the clients will be protected whenever they sell or purchase cryptocurrency through the app.
The Liv X App offers regular banking in addition to crypto trading. You can conduct your regular banking activities, such as balance checks or bill payments, via the same app, excluding crypto trading. Having banking and crypto trading under one app greatly benefits clients who want a convenient and secure means of managing money.
How is Dubai Helping Crypto Firms Grow?
Dubai is a digital finance pioneer in providing an open and transparent environment for crypto companies. The government created VARA, which is an organization that facilitates businesses to obtain licensing to be legally operational in the city. It compels crypto companies to operate based on rules and security, building users' and investors' trust.
The government's strategy is to invite more crypto firms to establish their headquarters in Dubai. By issuing temporary regulations and licenses, Dubai has facilitated business flow and growth more smoothly, thus indirectly contributing to the economy and the city's image in the global financial scene.
How Do DXB APPS Help Build the Best Trading Apps?
If you need to develop your cryptocurrency trading application, DXB APPS is your ideal choice. As a top mobile app development company in UAE, DXB APPS is an expert in designing excellent, user-friendly mobile apps. We have the skills to develop apps for the finance and cryptocurrency industries and understand how to create secure and seamless platforms that will fulfill the needs of your business and customers.
At DXB APPS, we collaborate with clients to design secure and user-friendly mobile app development Dubai. Whether you want to develop a crypto trading application or a full-fledged mobile banking system, we can assist you in creating the ideal solution for you.
We are Skilled Developers: We have extensive experience developing innovative and secure financial and crypto applications.
Personalized Solutions: We provide tailored mobile application development solutions per your business requirements.
Security First: We make your app secure and safe for user information in any situation.
Regulatory Compliance: Our apps are programmed with local and global rules for compliance across all markets.
Conclusion
Emirates NBD's introduction of crypto trading via the Liv X App is a forward-thinking step for Dubai and the global digital financial sector. The feature facilitates convenient trading of cryptocurrencies along with routine banking services within a single app. Aquanow's assistance and Dubai's open-door regulatory environment make the Liv X App a safe and secure platform on which users can participate in the burgeoning universe of crypto trading.
