Crypto.com Announces Collaboration with BENEFIT in Bahrain 

The two companies will explore ways to partner and expand the digital assets and fintech ecosystem in Bahrain

Bahrain, October 15, 2024 – Crypto.com and BENEFIT, the leading company in FinTech and electronic financial transactions services in Bahrain, have announced they will begin discussions on combining their expertise and help expand the digital assets and fintech ecosystem in Bahrain. 

The companies signed an MOU at the Fintech Forward event in Bahrain on October 3, 2024, committing to investigate mutual collaboration leveraging BENEFIT’s knowledge-base as Bahrain’s electronic network for financial transactions, alongside Crypto.com’s core capabilities as one of the world’s leading crypto trading platforms. This will include areas like payment integration and Crypto.com’s prepaid card capabilities.  

“BENEFIT’s innovative work to develop the electronic payments space in Bahrain is impressive and we’re excited at the prospect of partnering with a company that is forward-thinking and eager to support the growth of the digital assets industry,” said Eric Anziani, President and COO of Crypto.com. “Bahrain has created an innovation friendly environment and we’re looking forward to expanding our services here.” 

“We are pleased to explore this collaboration with Crypto.com as it aligns with our mission to continuously drive innovation in Bahrain’s financial services sector,” said Abdulwahed AlJanahi, Chief Executive of BENEFIT. “By leveraging our expertise in electronic financial transactions and Crypto.com’s cutting-edge capabilities in the realm of cryptocurrency, we are confident this partnership can bring added value to Bahrain’s evolving fintech landscape and support the growth of digital assets in the Kingdom.”

This announcement adds to Crypto.com’s increasing commitment to the market, with the company’s Bahrain entity recently receiving a Payment Service Provider Licence from the Central Bank.  

About Crypto.com

Founded in 2016, Crypto.com is trusted by more than 100 million customers worldwide and is the industry leader in regulatory compliance, security and privacy. Our vision is simple: Cryptocurrency in Every Wallet™. Crypto.com is committed to accelerating the adoption of cryptocurrency through innovation.

Learn more at https://crypto.com.

About BENEFIT

BENEFIT was established in 1997 and is licensed by the Central Bank of Bahrain (CBB) as an ancillary service provider to the Kingdom’s financial services industry. BENEFIT is owned by Banks in Bahrain, regulated by the CBB, to provide innovative Payment Capabilities, Information Management Solutions, and Business Process Outsourcing Services across different sectors in the Kingdom of Bahrain and the Region

BENEFIT’s range of services – supported by GCCNet in countries within the region – include operating of Automated Teller Machines (ATM), Point of Sale (POS), GCCNet, The GCCNet Dispute Management System, Credit Reference Bureau (CRB), Telecom Bill Payment (Tele BP), Direct Debit (DD), Payment Gateway (PG), Bahrain Cheque Truncation System (BCTS), Amex Cards withdrawal, eCheque, EFTs, national eWallet (BenefitPay) and national eKYC Platform for the financial sectors, Bahrain Electronic Cheque, Wages Protection System, and Trust Services for digital signatures.