International cryptocurrency technology solution company IN4X Global has introduced its new cryptocurrency payment solution to boost the financial economy of businesses all around the world.

AECB collects credit information from financial institutions in the UAE, such as banks and finance companies, as well as non-financial institutions in the UAE, such as telecom operators and large conglomerates – and government entities, such as courts and water and electricity providers, to produce Credit Reports and Credit Scores that are made available to individuals and businesses in the UAE.

Instant Payments Platform, set to go live in October 2022, aims to provide best in class payments services, promote financial inclusion and increase financial stability in the United Arab Emirates.

Timbl UAE start-up has conducted a successful proof-of-concept pilot with Social House in Dubai, demonstrating that its rapid payment solution gives restaurants and customers with a 10% faster table turnaround time.

Rowan Brewer, CEO at Paymentology, said: “Banks and fintechs are racing to provide customers with digital and data-driven features. They are highly receptive to working with a single issuer-processor that can provide that, across the globe. People want to be able to pay with a virtual card – sometimes online, sometimes tapping their phone –but everything, digitally. “