UQUID, the world’s first smart shopping platform in Web3, is carving out a niche for itself in the UAE. By creating a bridge between DeFi and E-commerce, it is enabling users to use crypto for buying both NFTs and everyday products. This unique feature is positioned to satisfy the burgeoning interest in cryptocurrency among UAE residents.
Growing Interest in Cryptocurrency in the UAE
Recent data from YouGov’s “The Future of Financial Services Report” shows that an overwhelming two-thirds of UAE adults (67%) express an interest in investing in cryptocurrencies within the next five years. Among them, young adults aged 25–34 years show the most interest (74%), signaling a demographic that is ready to embrace the world of digital assets.
As the UAE government continues to promote digital finance and encourage crypto trading, the nation’s residents are responding positively. 21% of UAE consumers stated their intent to trade in cryptocurrencies in the next 12 months, making the UAE one of the top three markets for crypto trading interest globally.
The YouGov report suggests a deep trust in this digital asset among UAE consumers, with 40% of respondents indicating that they trust cryptocurrencies. This trust level surpasses those in many Western markets such as the UK, France, and Italy, where laws governing virtual assets are not as defined.
However, it’s worth noting that potential investors have expressed concerns about digital finances. The risk of hackers, inability to access money without an internet connection, identity theft, and lesser fraud protection are among the top concerns. While these apprehensions are valid, they highlight an opportunity for crypto providers to strengthen trust and expand the market.
UQUID: Addressing Crypto Concerns and Fostering Growth
UQUID, by allowing users to transact with cryptocurrencies for everyday products, is poised to address these concerns, encouraging wider adoption and trust in cryptocurrencies.
Dubai and Abu Dhabi are already making significant strides in this regard. Over the past few months, they’ve handed out more than 30 licenses and passed new laws for crypto exchanges to operate in the cities. With crypto giants like Binance and Kraken setting up shop in Dubai, and the total private wealth held in the UAE growing significantly in recent years, the environment is ripe for a platform like UQUID to flourish.
The UAE government’s open-door policy towards competition and innovation is beneficial to local blockchain and cryptocurrency startups. The ongoing efforts to build a regulatory framework for cryptocurrency and blockchain indicate how the UAE is looking to position itself as a global hub for digital assets. The proactive stance taken by the UAE government in embracing cryptocurrencies makes it an ideal market for UQUID.
By leveraging the rising crypto wave in the UAE, UQUID offers a promising solution that addresses the unique needs of the UAE market. As an innovative platform that combines DeFi and E-commerce, UQUID is uniquely positioned to revolutionize the way people shop and transact in the region, providing a compelling proposition for crypto enthusiasts in the UAE.
UQUID’s Comprehensive Suite of Services for the UAE
UQUID’s services are extensive and cater to a diverse range of needs, making it a comprehensive platform for the modern UAE crypto enthusiast. Whether you are interested in digital finance or everyday convenience, UQUID has got you covered.
eSIM Services
For the tech-savvy and globetrotters, UQUID’s eSIM services eliminate the need for a physical SIM, offering greater flexibility and efficiency. UAE users can enjoy easy connectivity without the hassle of swapping out physical SIM cards.
Mobile Top Up
UQUID’s mobile top-up feature allows users to instantly recharge their prepaid mobile phones with cryptocurrencies. With this feature, users in the UAE can easily top up their phones or send airtime to friends and family in over 150 countries.
Shopping Gift Cards
Want to buy a gift for a friend or reward yourself? UQUID’s vast range of shopping gift cards gives you access to your favorite brands, from fashion to technology, all purchasable with crypto. It’s the perfect blend of traditional shopping and modern payment methods.
Gaming Direct Top-Up
For the gaming enthusiasts, UQUID offers direct top-up for a variety of popular games. This means that UAE gamers can now use their crypto holdings to directly top-up their in-game wallets, creating a seamless gaming experience.
Shop $1 and Daily Deals
UQUID’s innovative ‘Shop $1’ feature and daily deals cater to the budget-conscious shopper who values great bargains. With the option to purchase necessities at the most reasonable prices, budgeting has never been easier.
Pay-in-3 (Buy Now, Pay Later) Solution
To ensure affordability and to provide a stress-free shopping experience, UQUID offers a ‘Pay-in-3’ solution. This buy now, pay later feature allows users to buy their favorite items and spread the cost over three interest-free payments, so they can always afford what they love.
Global Presence
UQUID’s services extend beyond the UAE to over 200 countries. This wide coverage, coupled with the diversity of services it offers, positions UQUID as a truly global platform catering to the needs of crypto enthusiasts worldwide.
With the ability to pay with multiple types of cryptocurrencies and the provision of daily deals, UQUID has managed to combine the exciting world of digital finance with the practical world of everyday shopping. It is the future of e-commerce for the discerning UAE consumer, delivering convenience, variety, and exciting payment options at your fingertips.
Conclusion
As the UAE forges ahead to become a global crypto hub, the rise of comprehensive platforms like UQUID cannot be overstated. The convergence of cryptocurrencies and everyday services is revolutionizing how people transact, shop, and connect. With its wide range of services including eSIM, mobile top-up, shopping gift cards, gaming direct top-up, ‘Shop $1’ feature, daily deals, and ‘Pay-in-3’ solution, UQUID is truly a trailblazer in this digital revolution.
Moreover, its global presence spanning over 200 countries illustrates its commitment to bring this innovation to every corner of the world. For UAE users, and indeed users worldwide, this presents an exciting opportunity to fully embrace the digital era, making transactions not just a necessity, but a modern, seamless, and enjoyable experience. As we move forward, the crypto landscape in the UAE and beyond continues to evolve, and UQUID stands ready to cater to this dynamic environment, changing the way we think about finance and convenience.
About Uquid
Launched in 2016, Uquid pioneers in applying DeFi and Web 3.0 to E-commerce that aims to bring the best Shop to Earn experience to customers with verified merchants, exclusive deals, cashback and Payin3 with Crypto.
Throughout the years, Uquid still keeps its fantastic performance with continuous growth and the best effort to upgrade its store following the official Roadmap. With the largest selections of over 150 million physical, digital and NFTs products listed and comprehensive shipping services to over 180 countries and territories around the world, Uquid is confident in serving any demand of customers in the Metaverse.
Users shopping at Uquid are offered flexible and convenient payment methods including cryptocurrency, fiat or wallets. Uquid’s ambition is to dominate the crypto marketplace by offering the Buy Now Pay Later option to customers. Uquid Payin3 is all about protecting crypto futures value, by delaying the payment in three installments for 90 days, interest-free. With many years of building an infrastructure for E-commerce in Metaverse, Uquid has found the easiest and safest way for customers to access their money and shop online.
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Website (Digital product): https://shop.uquid.com
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Website (NFT): https://nft.uquid.com
