Rain & Tarabut: Faster Crypto Transactions in Half the Time

• Crypto exchange Rain and open banking firm Tarabut Gateway are partnering to allow customers to quickly add digital currencies to their wallets.
• The partnership is meant to reduce time, cost, and errors of traditional bank wire transfers.
• Open banking systems provide transparency, security, and access to a wide array of accounts from banks, credit card providers, and other financial institutions.

Crypto Exchange Rain and Tarabut Partner for Faster Transactions

Crypto exchange Rain has teamed up with open banking firm Tarabut Gateway in order to enable customers to quickly add digital currencies to their wallets for less money in half the time. Through this partnership, transactions are set to be sped up tenfold and customers can top up on their wallets without leaving the Rain platform. Errors from traditional bank wire transfers are also expected to decrease through new protocols.

Benefits of Open Banking Systems

Open banking systems offer full transparency of transactions which prevents third parties or middlemen from engaging in illicit activities without being noticed by customers. Additionally, these systems let customers view the trading and spending habits of the banks they work with so that any anomalies can be quickly reported. Customers also benefit from having access to a wide range of accounts from different financial institutions that allow them to engage in transfers and other financial activities more easily and efficiently.

Quotes From Executives

Abdulla Almoayed – founder and chief executive of Tarabut – said: “We’re delighted to unveil a solution that aims to make fiat-to-crypto transfers quicker, more secure, and cost-effective […] Our partnership with Rain is a perfect cross-sector synergy” while Joseph Dallago – chief executive of Rain – commented that “Through quick and efficient deposit mechanisms crypto traders on Rain’s platform will now be able capitalize on market movements”.

About Tarabut Gateway

Tarabut Gateway is an open banking firm based in Bahrain providing integrated financial services such as payments processing technology solutions for online businesses worldwide . The company aims at simplifying the way people pay online by offering innovative payment methods such as electronic payments using debit/credit cards or cryptocurrencies which allows users make direct deposits into any bank account or wallet with ease .

Conclusion

The partnership between crypto exchange Rain and open banking firm Tarabut Gateway is set bring multiple advantages for customers allowing them speed up transactions , reduce errors , get access better access accounts , increase security , efficiency , cost effectiveness . This alliance emphasizes how both companies value customer security as well as convenience when it comes making payments online .