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DUBAI as a domicile of top fintech companies

Posted by Ernest John Fleckenstein on May 1, 2019 at 2:45 PM Comments comments (1)



Dubai belongs to one of the largest and fastest growing urban centres in the world. The story of its development began with oil and gas; however, they represent only a fraction of the contemporary revenues. Other business sectors, including financial technology, have come to the forefront.


Dubai’s economic transformation was not accidental; it was part of a sophisticated policy focusing on the future potential. Consequently, the Dubai Emirate has become the tech-leader of the whole Middle-East area (MEA). The establishment of free trade zones (more than 20 nowadays) with tax credits guaranteed by investors, no import or export duties and minimal obligations towards local authorities have soon bore fruit. Moreover, companies based in these zones benefit from low administrative burdens and a perfect infrastructure. The functioning of free trade zones is supervised by licensing offices. It is no accident that Google, Microsoft, Oracle, Hewlett Packard, Dell, IBM and many other multinationals have their domicile there. This location is sought after and according to estimation the area will double in size over the next five years.


Dubai International Financial Center


Dubai’s economic progress is managed by the local government headed by Mohammed Bin Rashid Al Maktoum, who immensely fosters innovation in the emirate. The government's active approach to new forms of business can be witnessed also in the fact that the son of the current emir Sheikh Maktoum bin Mohammed Al Maktoum is the president of Dubai's largest international free-trade area, the DIFC (Dubai International Financial Center). It hosts almost two thousand banking, insurance, property management and other companies. DIFC offers its clients many benefits, including a 50-year zero taxation guarantee.


The Emirate development policy led to recognition of Dubai as one of the world’s top FinTech hubs, and the real leader in the MENA region. The development of the city as a global financial centre is proven by the fact that it ranked on position 19 in the GFCI 2018 (Global Financial Centers Index), leaving behind Frankfurt, Paris or Abu Dhabi. Dubai has become the largest financial centre in the MENA region.


The key accelerator of this evolution is financial technology, which has a broad impact on Dubai’s economy. FinTech start-ups in the region have raised over $100 million of funds over the last decade and this sum is predicted to double by 2020.


“FinTech is not just about digitising money, it’s about monetising data. It’s about how we can create and capture the value‑add from data, previously limited by the technology we had available. It is the second‑round value surge that is now starting to flow from an increasingly digitised economy.”


The MENA fintech industry is seeking for more venture capital to fund growing fintech start-ups, which number grows year by year up to more than 450 start-ups predicted by 2022. According to Accenture analysis, investments into start-ups will increase from $287 million in 2019 to $2.28 billion by 2022.


The UAE is also the Middle East leader in Islamic fintech start-ups. Although the global leader is Indonesia, UAE ranks third, globally. Islamic finance has been developing rapidly throughout this century with financial assets forecasted to $3.8 trillion by 2022, according to Thomson Reuters. The growth of the Islamic finance industry is driven by young, digitally native Muslims that are on average younger than the world’s non-Muslim population.


The Middle East edition of Forbes made a ranking of the 20 best Middle East fintech start-ups in 2018. OneGram ranked 13th as the only Middle East company developing a cryptocurrency based on blockchain technology.


The first Shari’ah-compliant digital asset encased in blockchain


OneGram was designed from the very beginning as a non-bitcoin reliant currency. Its inner architecture brings innovations not only to the broad Muslim community, but also to any investor who is interested in this unique digital payment solution.


The compliance with Shari’ah principles is accomplished by a backing model using a tangible asset — namely gold, which is one of the six allowed commodities in trading. Each coin is backed by at least one gram of gold. OneGram thusintroduces Islamic Finance to an era of disruptive technologies.

Ice Hockey World Championship Cup 2019 To Accept OneGram Cryptocurrency Payments For Event

Posted by Ernest John Fleckenstein on March 17, 2019 at 7:00 PM Comments comments (0)

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People Can Purchase Tickets For The Ice Hockey World Cup 2019 Final Using Cryptocurrencies


A new sports event will now be accepting cryptocurrencies for its tickets. This time, the final of the Ice Hockey World Championship 2019 will allow individuals to purchase tickets using cryptocurrencies. The final will be taking place on May 26, 2019, in Bratislava, Slovakia. The information was released by Boerse Express on March 1st.


Users can acquire these tickets with traditional fiat currencies and credit/debit cards. It is also possible for them to use OneGram, a gold-backed virtual currency that was released by the 01People group that is based in Dubai. 01People is led by a group of IT developers. In order to purchase these tickets, the company has even created a special dashboard for the occasion.


He went on explaining that in the future the intention is to create new solutions for users. Allowing users to purchase tickets with their Gold-backed virtual currency for this important sport event shows in which direction the company is trying to move forward.


The CEO of the company said that individuals can currently use virtual currencies in cafes, restaurants, pharmacies and other shops around the world. With OneGram it is also possible to purchase real estate and cars in Dubai. The firm offers these solutions since 2018.

 

A few months ago, Litecoin announced that it was sponsoring an international kickboxing game. The team behind Litecoin (LTC) decided to sponsor the whole event rather than a single player in order to gain even more attention from the media.

 

Since then, Litecoin has experienced important growth. Compared to the lowest point reached by LTC in December, the virtual currency is trading 100% higher than at that time.

What has The OneGram Team been up to?

Posted by Ernest John Fleckenstein on November 26, 2017 at 8:00 PM Comments comments (0)

OneGram has closed it’s 1st Phase of sales on the 3rd of Sept, 2017, but the team could not be busier! We have been working harder to do right by our supporters. YOU! In today’s update, we want to talk about the following:


  • OneGram Development
  • Vizionary Partnership
  • Gold Storage
  • 3rd Islamic Retail Banking Award by Cambridge IF Analytica


OneGram Development




We are extremely proud to announce that in our pursuit to ensure ONEGRAM, GOLDGUARD and YALLAPAY remain at the forefront of crypto development and innovation we have forged an alliance with our development partners who are the leading experts in the crypto and blockchain space through a joint venture vehicle namely 01 Crypto House, which enables us to mobilise our own in-house crypto development team which will not only work internally on the monitoring, development, maintenance and security of our own systems but deliver innovation to the wider global tech community. We have made this investment to further assure our investors that ONEGRAM is sparing no expense to establish our digital token as the leading global payment solution with the latest technology and support systems.


01 Crypto House is a select team of professionals and blockchain enthusiasts experienced in many different areas such as blockchain business strategies, crypto development, crypto security, fintech systems, integrations and smart contract applications.


01 Crypto House is hard at work in the development of the technologies that will make OneGram successful. We are on schedule to launch within the 1st quarter of 2018. We have not had a group of people more dedicated and goal oriented as the team we have now! While there may be some setback in our timeline due to team changes, we have no doubt that 01 Crypto House will take this project to the finish line and even farther!


The OneGram Blockchain




The key elements of the OneGram Blockchain have been updated while the basic specifications will stay true to the original whitepaper:


Key Elements

  • Blockchain core – Graphene / fork
  • Delegate Proof of Stake (DPOS)
  • Minimum witness nodes 11
  • Block size up to 1MB
  • Block time 60 seconds
  • Units: One gram coin (OGC)
  • 12,400,786 OGC
  • Recyclable coins (no burning)
  • eWallet + optional HW wallet integration


Rewards

  • Transaction fee – 1%, up to a maximum of 1 OGC
  • 70% of this fee is reinvested to buy more gold
  • 25% of this fee will be used for development & operations
  • 2.5% will be donated to Charities
  • 2.5% will reward miners (DPOS staking)


Vizionary Partnership


As partners, OneGram and Vizionary travel together to build a stronger distribution team. Together, we were privileged to be guests at the Business Channel Turk TV in Istanbul, Turkey as well as headed an event for our network leaders in Lahore, Pakistan.


  • Total OGCs sold: 16,926 coins
  • Total OGCs waiting for payment: 21676 coins
  • Total Orders in Progress: 6786 coins


Critics’ Choice for Best Islamic Cryptocurrency Award




On the 14th of Nov, 2017, we were honored to accept this award from Cambridge IF Analytica’s 3rd Islamic Retail Banking Awards 2017.


Receiving this award is an amazing achievement for us. We started 10 or 11 months ago with this amazing concept. We knew we were going to break new ground. We were bringing together the conventional commodities investment and pairing it with the latest technology in digital currency – which not many people are aware of – and we are encasing this in a 1400-year-old jurisprudence. So obviously, everything was a first, but with an amazing team, with the fantastic media response, and most importantly gaining investor support for OneGram, we made a mark in history, for sure. We are also beginning to make marks with the industry and receiving this award is an acknowledgment of that for which we are very grateful! It’s an honor for us to receive this award and we thank you very much! — Mohammed Ibraheem Khan


Official updates and announcements will be released via www.onegram.org and user notifications in www.goldguard.com.


As always, any questions, concerns, and support requirements you may send an email to support@goldguard.com.


We thank you for your support and pray that God blesses you more! In sha Allah!


Sincerely,

The OneGram Team


Want to purchase OneGram go to: https://vizionary.com/ejstone/en/Home/Registration?productId=26" target="_blank">Order here

OneGram Wins Critics? Choice Award 2017

Posted by Ernest John Fleckenstein on November 26, 2017 at 7:30 PM Comments comments (0)

Another First in the Cryptocurrency Industry

Dubai, UAE [16-Nov-17] – OneGram, the first and only Sharia Compliant Cryptocurrency backed by physical gold, has again made its mark in history.


The Islamic Retail Banking Awards (IRBA) is the first-of-its-kind Islamic banking awards program developed by Cambridge IF Analytica. On the 14th of November, 2017, the 3rd IRBA was held at JW Marriot Marquis Hotel in Dubai where more than 30 awardees where recognized in their respective categories.



The Critics’ Choice for Best Islamic Cryptocurrency was awarded to OneGram. This is the first time a cryptocurrency has ever been recognized in a mainstream awards program such as IRBA.



“Receiving this award is an amazing achievement for us. We started 10 or 11 months ago with this amazing concept. We knew we were going to break new ground. We were bringing together the conventional commodities investment and pairing it with the latest technology in digital currency – which not many people are aware of – and we are encasing this in a 1400-year-old jurisprudence.

So obviously, everything was a first, but with an amazing team, with the fantastic media response, and most importantly gaining investor support for OneGram, we made a mark in history, for sure. We are also beginning to make marks with the industry and receiving this award is an acknowledgement of that for which we are very grateful!

 


It’s an honor for us to receive this award, “says Mohammed Ibraheem Khan, Founder of OneGram and CEO of GoldGuard.