NEM breaks ground in the Kingdom of Bahrain
02 February 2018 Manama, Bahrain — Sadad is a leading fintech company in Bahrain providing a comprehensive digital payment platform and implementing a variety of innovative products to make payments easier and convenient. They requested the UAE based NEM team to visit and discuss their interest to work with NEM.
Having full pci dss compliance (payment card industry data security standard) and recognition from the Central Bank of Bahrain, Sadad offers a wide variety of payment solutions including mobile operator payment for both prepaid and postpaid, electricity and water bill payment, remittances, charity donations, online game credits, money transfers, university fees, food services and others. Sadad brings solution to B2B, B2C and C2C transactions utilizing their Web-panel, Kiosks, Mobile App and M-POS.
Currently Sadad can support purchase of bitcoins through paper wallet or QR code generation and is looking at being able to support XEM purchase using fiat currency as well. In the long run, Sadad aims to bring liquidity to cryptocurrency by integrating cryptocurrency to their current system. Basically it will mean that you can choose to pay your bills using either fiat currency loaded on to your wallet, credit card, and /or cryptocurrency. They are also looking at supporting the nanowallet within their Sadad wallet.
Sadad has massive plans involving NEM and they are taking one step at a time. Soon we may see the NEM blockchain playing an essential part in their financial ecosystem. This is another strong partnership with NEM in the making; bringing cryptoassets and blockchain adoption closer to be used in our everyday lives.
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