Bitcoin for Millennials Are Gulf Nations SECRETLY Embracing Bitcoin? | Ralph Gebran | BFM128
Feb 20, 2025
Ralph Gebran, Managing Partner at Onramp MENA, is on a mission to introduce Bitcoin to the Middle East and North Africa. He discusses the GCC’s increasing interest in Bitcoin, highlighting the UAE's proactive regulatory measures. Ralph explores Bitcoin mining opportunities in the Gulf, emphasizing energy resources and potential agricultural partnerships. He also tackles misconceptions about Bitcoin, cultural attitudes toward gold, and its role as a hedge against inflation and the US dollar, painting a hopeful picture for the future of crypto in the region.
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GCC's Crypto-Friendly Approach
- GCC countries are embracing crypto regulation to diversify their economies beyond oil.
- They aim to become leaders in fintech and digital assets, attracting businesses and talent.
Meeting with Bahrain's Central Bank
- Ralph Gebran presented Onramp's multi-institution custody solution to the Central Bank of Bahrain.
- They were receptive, highlighting their forward-thinking approach to digital assets.
Economic Diversification in the GCC
- GCC countries are diversifying their economies beyond oil by investing in fintech and digital assets.
- They're creating incentives like accelerator programs and easier licensing for tech companies.