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Now, Bahrainis can purchase real estate property assets using cryptocurrencies, BizBahrain reported.



This will happen after CoinMENA, a Bahraini Sharia-compliant digital assets exchange, partnered with Carlton Real Estate, a Bahrain-headquartered real estate agency to allow investors to buy properties in the kingdom via crypto assets.



According to the agreement, Carlton will accept payments in stable cryptocurrencies like Tether and USD Coin as they are linked to the US dollar. Also, the Bahraini-based company will not accept cryptocurrencies like Bitcoin or Ethereum, because their value solely depends on their market.



The crypto asset service provider will help investors to link bank accounts with CoinMENA wallets to accelerate money transfers.



In a statement, CoinMENA Founders Talal Tabbaa and Dina Sam’an expressed their happiness in collaborating with Carlton to facilitate real estate transactions via cryptocurrencies, noting this deal reflects that the cryptocurrency market is growing and the increasing acceptance toward cryptocurrencies.



<figure class="wp-block-image size-full is-resized"><img decoding="async" loading="lazy" src="https://adminblog.upyo.io/wp-content/uploads/2022/11/CoinMENA-and-Carlton-Ink-Agreement.png" alt="" class="wp-image-2478" width="744" height="371" srcset="https://3.111.63.208/wp-content/uploads/2022/11/CoinMENA-and-Carlton-Ink-Agreement.png 836w, https://3.111.63.208/wp-content/uploads/2022/11/CoinMENA-and-Carlton-Ink-Agreement-300x150.png 300w, https://3.111.63.208/wp-content/uploads/2022/11/CoinMENA-and-Carlton-Ink-Agreement-768x383.png 768w" sizes="(max-width: 744px) 100vw, 744px" /></figure>



Meanwhile, Deputy Managing Director of Carlton Real Estate Ali Adnan Mahmood said: &#8220;We are proud to be the first real estate brokerage company in the Kingdom to accept crypto asset transactions for property purchases and other real estate services through our partnership with CoinMENA.&#8221;



Mahmoud noted that his company is keen on diversifying payment methods for their customers.



Regulated and licensed by the Central Bank of Bahrain, CoinMENA seeks to build partnerships in the region, the latest of which was its cooperation with VISA to join its Fintech Fast Track program and launch the CoinMENA VISA Card.



Bahrain has a distinguished history of experimenting with blockchain technology and cryptocurrencies since the announcement of a regulatory system in this field at the beginning of 2019.



Beginning in January 2022, the Central Bank of Bahrain successfully completed the trial of cryptocurrency payments after a successful collaboration with JPMorgan’s blockchain and cryptocurrency unit Onyx.

Bahrain

Crypto

CoinMENA, Carlton Enable Purchasing Properties via Cryptocurrencies

The cryptocurrency market had remarkably developed in the Arab world over the past years in conjunction with the world&#8217;s realization of the importance of such currencies.&nbsp;



In this regard, several Arab figures joined the cryptocurrency world and achieved great success in it. One of these figures who entered this world very early is the Jordanian entrepreneur Talal Tabbaa. We will showcase his crypto career in this article.&nbsp;



Who Is Talal Tabbaa?&nbsp;



Tabbaa is a Jordanian entrepreneur, who graduated from Purdue University, the US, after receiving a bachelor&#8217;s degree in industrial engineering. He also received an International Baccalaureate Diploma from Amman Baccalaureate School.&nbsp;



Despite being young, Tabbaa assumed several posts at many global institutions and companies. He is now the co-founder and executive director of operations at the Swiss-based Jibrel Network, which aims to bridge the gap between traditional and crypto economies.&nbsp;



He is also the cofounder and CEO of CoinMENA, a crypto exchange, which is headquartered in Bahrain, in addition to being a board member at the Middle East Payment Services (MEPS) in Jordan.&nbsp;



How Did Tabbaa Join The Crypto World?&nbsp;



At the beginning of his career, Tabbaa worked for PricewaterhouseCoopers, so he had to communicate with several banks and companies, working in the financial sector. At that time, he faced a major problem, which is that most companies and banks did not use technology.&nbsp;



Hence, he began to search for a way through which technology could be linked to the financial sector, and he did not find a better way than cryptocurrency to play this role.



As we mentioned, Tabbaa took part in establishing Jibrel Network in Zug town in Switzerland, which is known for its clear and explicit laws regulating digital transactions. The main goal for this company was to integrate the traditional economy with the crypto one.&nbsp;



<figure class="wp-block-image size-full is-resized"><img decoding="async" loading="lazy" src="https://adminblog.upyo.io/wp-content/uploads/2022/10/Jibrel-Network.jpg" alt="" class="wp-image-1789" width="712" height="374" srcset="https://3.111.63.208/wp-content/uploads/2022/10/Jibrel-Network.jpg 1024w, https://3.111.63.208/wp-content/uploads/2022/10/Jibrel-Network-300x158.jpg 300w, https://3.111.63.208/wp-content/uploads/2022/10/Jibrel-Network-768x404.jpg 768w" sizes="(max-width: 712px) 100vw, 712px" /></figure>



CoinMENA Establishment&nbsp;



The establishment of CoinMENA is considered one of the most significant stations in Tabbaa&#8217;s crypto career. Headquartered in Bahrain, CoinMENA is a Sharia-compliant crypto-assets trading platform that is licensed and regulated by the Central Bank of Bahrain (CBB).



Through CoinMENA, users can buy, sell, store, and receive digital assets safely and securely, as well as deposit and withdraw in their local currency.



Tabbaa aimed to enable new investors in the Middle East and North Africa to take part in the new digital world.&nbsp;



CoinMENA offers its services in seven Arab countries, which are Bahrain, the UAE, Saudi Arabia, Egypt, Kuwait, Oman, and Qatar.



<figure class="wp-block-image aligncenter size-full is-resized"><img decoding="async" loading="lazy" src="https://adminblog.upyo.io/wp-content/uploads/2022/10/CoinMENA.jpg" alt="" class="wp-image-1790" width="761" height="399" srcset="https://3.111.63.208/wp-content/uploads/2022/10/CoinMENA.jpg 1024w, https://3.111.63.208/wp-content/uploads/2022/10/CoinMENA-300x158.jpg 300w, https://3.111.63.208/wp-content/uploads/2022/10/CoinMENA-768x404.jpg 768w" sizes="(max-width: 761px) 100vw, 761px" /></figure>



Ambitious Vision&nbsp;



Regarding his plans, Tabbaa targets to expand digital financial services to cover more clients and countries. He seeks to make CoinMENA the easiest and safest platform for trading digital currencies in the entire Arab world.



You can follow Tabbaa&#8217;s official accounts on social media via these links: 



<ul class="is-layout-flex wp-block-social-links"><li class="wp-social-link wp-social-link-linkedin wp-block-social-link"><a href="https://www.linkedin.com/in/talaltabbaa/?originalSubdomain=ae" class="wp-block-social-link-anchor"><svg width="24" height="24" viewBox="0 0 24 24" version="1.1" xmlns="http://www.w3.org/2000/svg" aria-hidden="true" focusable="false"><path d="M19.7,3H4.3C3.582,3,3,3.582,3,4.3v15.4C3,20.418,3.582,21,4.3,21h15.4c0.718,0,1.3-0.582,1.3-1.3V4.3 C21,3.582,20.418,3,19.7,3z M8.339,18.338H5.667v-8.59h2.672V18.338z M7.004,8.574c-0.857,0-1.549-0.694-1.549-1.548 c0-0.855,0.691-1.548,1.549-1.548c0.854,0,1.547,0.694,1.547,1.548C8.551,7.881,7.858,8.574,7.004,8.574z M18.339,18.338h-2.669 v-4.177c0-0.996-0.017-2.278-1.387-2.278c-1.389,0-1.601,1.086-1.601,2.206v4.249h-2.667v-8.59h2.559v1.174h0.037 c0.356-0.675,1.227-1.387,2.526-1.387c2.703,0,3.203,1.779,3.203,4.092V18.338z"></path></svg>LinkedIn</a></li>

<li class="wp-social-link wp-social-link-twitter wp-block-social-link"><a href="https://twitter.com/tabbaa4" class="wp-block-social-link-anchor"><svg width="24" height="24" viewBox="0 0 24 24" version="1.1" xmlns="http://www.w3.org/2000/svg" aria-hidden="true" focusable="false"><path d="M22.23,5.924c-0.736,0.326-1.527,0.547-2.357,0.646c0.847-0.508,1.498-1.312,1.804-2.27 c-0.793,0.47-1.671,0.812-2.606,0.996C18.324,4.498,17.257,4,16.077,4c-2.266,0-4.103,1.837-4.103,4.103 c0,0.322,0.036,0.635,0.106,0.935C8.67,8.867,5.647,7.234,3.623,4.751C3.27,5.357,3.067,6.062,3.067,6.814 c0,1.424,0.724,2.679,1.825,3.415c-0.673-0.021-1.305-0.206-1.859-0.513c0,0.017,0,0.034,0,0.052c0,1.988,1.414,3.647,3.292,4.023 c-0.344,0.094-0.707,0.144-1.081,0.144c-0.264,0-0.521-0.026-0.772-0.074c0.522,1.63,2.038,2.816,3.833,2.85 c-1.404,1.1-3.174,1.756-5.096,1.756c-0.331,0-0.658-0.019-0.979-0.057c1.816,1.164,3.973,1.843,6.29,1.843 c7.547,0,11.675-6.252,11.675-11.675c0-0.178-0.004-0.355-0.012-0.531C20.985,7.47,21.68,6.747,22.23,5.924z"></path></svg>Twitter</a></li></ul>

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