ADGM-based MidChains joins Visa’s Fintech Fast Track program

By Arya M Nair, Official Reporter
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MidChains, a virtual asset trading platform and custodian based in Abu Dhabi Global Market (ADGM) and licensed by the Financial Services Regulatory Authority (FSRA), has joined Visa’s Fintech Fast Track program, speeding up the process of integrating with Visa.

This will streamline MidChains’ ability to harness the reach, capabilities, and security of VisaNet, the company’s global payment network. Through Fast Track, MidChains is preparing to launch a Visa payment credential connected to its platform, making it possible for MidChains users to convert and spend virtual assets at one of Visa’s 80 million plus merchant partners worldwide.

MidChains offers multiple state-of-the-art trading tools that make investing easier and more efficient. The company offers competitive pricing on a wide range of virtual assets and, and does not charge any hidden fees or spreads. Its high-performance trading software and hardware are capable of executing trades in microseconds and offer a rebate program to its clients that are among the most attractive in the market today.

Basil Al Askari
Basil Al Askari
Co-founder & CEO

“Our Visa partnership is important as it bridges the gap with traditional finance and allows us to bring crypto to a much larger network of consumers. Following best practices, consumer protection and regulatory compliance while driving innovation are core values and features we share with Visa. MidChains is a fully licensed and regulated firm with sovereign backing and institutional background. The partnership is part of our DNA and this partnership will help accelerate our growth and move forward in our goal to expand the use of crypto as an alternative asset to store value and grow wealth.”

Mr. Alex McCrea, VP, Head of Strategic Partnerships and Ventures for Central and Eastern Europe, the Middle East and Africa, Visa, said that “By joining Visa’s Fintech Fast Track program, exciting crypto companies like MidChains gain unprecedented access to Visa experts, technology and resources. At Visa, we believe that crypto-linked card programs will benefit those looking to make everyday purchases with crypto a reality. We look forward to working with MidChains to bridge their crypto platform to Visa’s network, enabling secure and seamless transactions conducted in real time across Visa’s global network of 80 million merchant locations.”

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