Nexus Dubai (NXD) Project Obtains First Cryptocurrency Exchange License in Dubai City

08/09/2022

2 minutes read

2022.08.09 20:09

The Nexus Dubai (NXD) project – the decentralized financial payment system that’s disrupting the traditional payment stack on the blockchain, has obtained the world’s first license to operate a cryptocurrency exchange business in Dubai. Through this milestone, the project aims to expedite the development of digital payments in the UAE, and also facilitate greater interconnectivity and digital technology advancements.

The recent development is a very significant achievement considering the fact that NXD, a project involving Japanese, has just obtained a crypto exchange license in the UAE, which is the world’s center of the exchange business, and the first of its kind.

Mr. Tatsuya Takizawa, founder and CEO NXD, seems confident about the project saying: “The fact that we were able to register the license in Dubai is a major milestone and also proves Nexus Dubai’s commitment to compliance. We aim to have NXD services in use throughout the UAE within 3 years”

Nexus Dubai (NXD) is currently listed on top crypto exchanges including MEXC Global, BingX, BYBIT, and Bitget. What’s more, the NXD token is now live and trading on Gate.io – a leading cryptocurrency exchange with over 1400 cryptocurrencies and stablecoins. Investors can now trade on the NXD/USDT pair with a daily trade volume of over $500k as at time of writing.

Furthermore, the Nexus Dubai project intends to accelerate the wider acceptance and growth of cryptocurrency with a wide range of intuitive, accessible, and efficient solutions that are geared towards real-world adoption. By utilizing the UAE merchant network, NXD in partnership with different companies in the UAE can be used to make payments easily in various places including retail stores, restaurants, hotels and more.

Exploring Nexidius Services

Bitsmith Crypto Trading DMCC, the company behind NXD, is a Dubai-based company that provides multi-pronged services such as Spray wallet, NexFi staking services, NXD supermarket, Metadoc and more. In a bid to expand its footprint, Nexus Dubai has announced that it will take a deep dive into NFT services and gaming business.

Using the “SPRAY” payment application, NEX (Nexus points) are awarded according to the amount of payment made with AEDC (dirham’s peg currency that the company offers), and AEDC can be used for payment. Users can receive up to 3% Nexus points, depending on the amount of the transaction. NexFi, a staking service, enables investors to stake the NXD token and get USDT reward. When NXD is deposited for 90 days, USDT is awarded to holders as profit after interest calculation is made in variation to the volume of business of NXD.

NXD supermarket is an e-commerce website for selling real estate, cars, and real estate NFTs secured by the project. By staking purchased real estate NFT, users can receive annual interest. What’s more, Metadoc is an all-in-one AI-powered healthcare service. (PCR and other tests available). Recently, the beta version was released. This way, users can easily receive medical services without having to go to the hospital.

About Nexus Dubai

Nexus Dubai is a decentralized, distributed blockchain system focused on contributing to economic development by increasing accessibility and encouraging consumption. The blockchain-based payment infrastructure intends to promote accessibility, encourage consumption, and retain in-bound commerce by establishing a digital, reliable payment infrastructure.