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Diamond-backed crypto asset platform all set to be launched in UAE

Apr 16, 2018 Posted /  702 Views

Diamond-backed crypto asset platform all set to be launched in UAE

AI Kasir Group and the private office of Sheikh Ahmed bin Obaid Al Maktoum has launched a diamond-backed cryptocurrency that would be sold using on an exchange operating on Blockchain Technology.

Customers can purchase diamonds using the association's online gateway or their retail locations and can, thus, get a reward which can be redeemed at the stores and portal. Once the customers have bought it on the web, the association will convey jewels to the customer's doorstep as it has tied-up with a logistics organization and insurance agency for the deliveries.

The principal store of the organization is set to be inaugurated at Kempinski Residence and Hotel at Palm Jumeirah. The organization has long-haul designs of having about 12 stores all over the UAE sooner rather than later and 1,000 everywhere throughout the world in the coming years.


Keeping an eye on the media on Sunday, Dr Amit Lakhanpal, Director of, Al Kasir Group, said the association, alongside GCC, targets various markets, for instance, India, Pakistan and Bangladesh.


The three crypto resources – Al Falah, Al Mas and Al Haqeek – are relied upon to be exchanged on their extraordinary crypto-resource exchange wherein the customers can trade and exchange specifically against valuable gemstones, jewels, oud, bakhoor, and attar.


Clients who wish to buy these crypto assets will have a variety of bundles to look over reaching out to in any event $250 to $250,000, against which they will be given affirmed diamonds of a similar incentive after the fulfilment of ICO.

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Tags: Diamond-backed crypto Diamond crypto asset platform crypto asset crypto UAE cryptocurrency initial coin offering ico AI Kasir Group Sheikh Ahmed bin Obaid Al Maktoum

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