News DeskDubai, UAE – INFINITY Group, a Dubai-based conglomerate, has unveiled FINY COIN, a blockchain-enabled cryptocurrency designed to replace physical currencies and enhance the new digital dollar. This launch aligns with the UAE Government’s vision of fostering innovation and driving the digital economy forward.
FINY COIN, part of a comprehensive digital payment ecosystem known as the FINY Ecosystem, aims to revolutionize transactions within the INFINITY Group’s diverse portfolio, which spans real estate, hospitality, and event management. Initially, the cryptocurrency will be used exclusively for payments within INFINITY Group’s businesses, offering users a seamless digital payment experience.
Mr. Mohammad Ariful Islam, CEO of FINY Ecosystem, highlighted that FINY COIN is envisioned as a global brand, with approval from governments in 108 countries, making it a recognized global currency. The company is also planning to collaborate with major retailers to integrate FINY COIN into their payment systems, broadening its usability.
The official announcement of FINY COIN took place at the FINY EXPO, a landmark event held at the Armani Hotel, Burj Khalifa, Dubai, on August 25, 2024. Attended by over 300 participants, the event showcased the potential of the FINY Ecosystem in reshaping the future of finance and technology, and emphasized FINY’s mission to make cryptocurrency a daily-use currency, driving widespread adoption.
INFINITY Group, led by Chairman Mr. Zia Hasan and Vice Chairman Mr. Ali Hasan, has issued 600 million FINY Coins for global trading. The group’s leadership expressed optimism that FINY COIN would accelerate the transition to a digital economy, encouraging both consumers and businesses to adopt this new digital currency.
Mr. Zia Hasan emphasized the importance of embracing digital currency and blockchain-backed digital wallets as key components of the future digital ecosystem. Mr. Ali Hasan urged stakeholders to engage with FINY COIN, predicting it could become the “digital dollar” of the future.
FINY COIN is set to become a pivotal player in the global cryptocurrency market, which currently boasts over 8,000 digital assets with a market capitalization of US$2.15 trillion. As the global cryptocurrency market continues to grow, FINY COIN’s introduction is expected to contribute significantly to this expansion, positioning itself as a leading cryptocurrency for global transactions.
