Floxy Pay Secures License Under RAK DAO For Non-Custodial Wallet

Floxy Pay has achieved a significant milestone by securing a license as a non-custodial wallet under the Ras Al Khaimah Digital Assets Oasis (RAK DAO). This free zone, established by the government of Ras Al Khaimah in 2023, is dedicated exclusively to digital and virtual asset companies. The licensing of Floxy Pay under RAK DAO underscores the company's commitment to providing secure, efficient, and globally accessible cryptocurrency solutions.

The non-custodial nature of Floxy Pay ensures that users retain full control over their private keys, enhancing security and autonomy. This feature is particularly appealing to users who prioritize the safety and control of their digital assets. Additionally, Floxy Pay offers zero gas fees on crypto transactions, a significant cost-saving measure for regular users. The platform also supports USDT to INR conversion, facilitating seamless and efficient cross-border transactions and withdrawals for Indian users.

Omran, the founder of Floxy Pay, expressed pride in the company's achievement, stating, "Getting licensed under RAK DAO validates our vision of creating a safe, user-focused ecosystem for digital asset transactions. We’re proud to lead the way in bringing more accessible and cost-effective financial solutions to emerging markets." This licensing is a testament to Floxy Pay's growing trust in the Web3 space and its dedication to shaping the future of decentralized finance.

The integration of Floxy Pay into RAK DAO is a strategic move that aligns with the region's efforts to foster innovation in the digital asset sector. By providing a dedicated free zone for digital and virtual asset companies, RAK DAO aims to attract and support fintech innovators like Floxy Pay, thereby contributing to the growth and development of the digital finance ecosystem. This partnership not only benefits Floxy Pay but also enhances the overall credibility and trustworthiness of the digital asset industry in the region.

In summary, Floxy Pay's licensing as a non-custodial wallet under RAK DAO marks a significant step forward in its mission to provide secure and user-friendly cryptocurrency solutions. The platform's features, such as zero gas fees and support for USDT to INR conversion, make it an attractive option for users seeking efficient and cost-effective digital asset transactions. This milestone also highlights the growing importance of RAK DAO as a hub for digital finance innovation, attracting fintech companies and contributing to the development of the digital asset ecosystem.