The crypto trading platform Rain uses Tarabut Gateway to provide access to legal currency

On March 14, it was reported that Tarabut Gateway had reached a cooperation with Rain, the MENA compliance crypto asset trading platform, to bring Bahrain end users faster and more cost-effective legal currency – cryptocurrency transactions, and to allow direct payment of funds from the user’s bank account without leaving Rain’s platform. Rain takes Tarabut as part of its strategy to provide seamless encrypted wallet experience for users in East and North Africa.

Interpretation of this information:

Tarabut Gateway, a Middle Eastern payment services provider, has announced a collaboration with the MENA compliance crypto asset trading platform, Rain, to offer users in Bahrain access to faster and more cost-effective legal currency-cryptocurrency transactions. This partnership is expected to facilitate direct payment of funds from the user’s bank account without requiring users to exit the Rain platform. The collaboration is a part of Rain’s aim to provide its users in East and North Africa with a seamless encrypted wallet experience and to enhance the crypto adoption rate in the region.

Cryptocurrency adoption has been slow in the Middle East and North Africa region, mainly due to various regulatory, security, and widescale awareness issues. However, the partnership between Tarabut Gateway and Rain may overcome some of these challenges and lead to increased adoption among the end-users. The fact that the collaboration aims to offer faster and more cost-effective transactions is a major attraction for end-users, making it easier and more convenient to conduct cryptocurrency transfers. Moreover, the integration of bank accounts into the platform may enhance user engagement, as users may find it more hassle-free and secure to transfer funds directly from their bank accounts through the platform.

Tarabut Gateway is a fully licensed payment service provider based in Bahrain and is well-placed to aid in the expansion of the crypto industry in the region. The collaboration with Rain reinforces the company’s position as a prominent payment service provider in the MENA region. Rain, as a MENA compliance crypto asset trading platform, has been making strides towards advancing the adoption of cryptocurrencies in the region. Its collaboration with Tarabut Gateway is expected to contribute to the company’s mission to become the leading cryptocurrency platform in the GCC region.

In conclusion, the collaboration between Tarabut Gateway and Rain is expected to promote the adoption of cryptocurrencies in the MENA region by providing users with faster and more cost-effective legal currency-cryptocurrency transactions. It will also allow direct payment of funds from the user’s bank account. The three keywords that summarize this announcement are; collaboration, convenience, and adoption. By cooperating on this initiative, the two firms can leverage their complementary strengths and provide a more comprehensive and convenient offering to their users, thereby increasing the adoption rate of cryptocurrencies in the region.