The Good Tech Companies - The Binary Holdings Secures $5 Million From ABO Digital To Expand Their Decentralised Network

Episode Date: December 4, 2024

This story was originally published on HackerNoon at: https://hackernoon.com/the-binary-holdings-secures-$5-million-from-abo-digital-to-expand-their-decentralised-network. With a robust user base of 169 million across multiple verticals, The Binary Holdings is reshaping how businesses, consumers, and investors interact in the digi Check more stories related to web3 at: https://hackernoon.com/c/web3. You can also check exclusive content about #web3, #binary-holdings, #chainwire, #press-release, #binary-holdings-announcement, #blockchain-development, #blockchain-interoprability, #good-company, and more. This story was written by: @chainwire. Learn more about this writer by checking @chainwire's about page, and for more stories, please visit hackernoon.com. The Binary Holdings, a $16.9 billion technology leader, announced a strategic investment of up to $5 million from ABO Digital. This investment will power The Binary Holdings to accelerate its mission of transforming the global digital economy. With a robust user base of 169 million across multiple verticals, The binary Holdings is targeting one billion users by 2025.

This audio is presented by Hacker Noon, where anyone can learn anything about any technology. The Binary Holdings secures $5 million from ABO Digital to expand their decentralized network by Chainwire. Dubai, United Arab Emirates, December 4, 2024, The Binary Holdings, a $16. $9 billion technology leader, today announced a strategic investment of up to $5 million from ABO Digital, a digital asset investment firm providing alternative financing solutions to cryptocurrency projects around the world. This investment will power the binary holdings to accelerate its mission of transforming the global digital economy. With a robust user base of 169 million across multiple verticals, the binary holdings is reshaping how businesses, consumers, and investors interact in the digital landscape and is targeting 1 billion

users by 2025. This collaboration will drive the expansion of a decentralized open network that seamlessly integrates with Web2 infrastructure while unlocking the full potential of Web3, empowering businesses and users to benefit from digital services such as cross-border payments, gaming, digital social and other compelling services. The Binary Holdings has established itself as a central player in decentralized connectivity, working with a range of partners, including major telecom providers, to redefine how people and businesses interact across regions. Through contracts with seven leading telcos and a growing network of non-telco partners, the Binary Holdings is setting a new benchmark for global interoperability in digital commerce.

At the center of the decentralized open network for distribution and commerce is the Binary Network, where users, businesses, and service providers can seamlessly connect and transact across borders. By using BNRY, the network single digital currency, the binary network is redefining the way value flows between participants, ensuring that payments are frictionless and accessible to users worldwide. This bold vision of using a single digital currency across its vast ecosystem enables true interoperability and cross-pollination amongst its diverse range of partners in both the telco and non-telco sectors, allowing for commerce to

flow in a way that was previously unimaginable, eliminating the barriers between platforms and national borders. The platform's ability to facilitate seamless transactions and interactions across multiple industries has already garnered attention from some of the world's largest companies. With contracts signed with seven major telcos, the Binary Holdings is on track to reach 1 billion users by December 2025, becoming a true global player in the decentralized economy. Introducing Millennia, digital bank for seamless cross-border transactions in Q2 2025, the Binary Holdings will launch Millennia, a digital bank aimed at simplifying cross-border payments and remittances for users within the binary network. Designed to

empower seamless transactions for individuals and businesses, Millennia will offer a low-cost, fast, and transparent service powered by the secure decentralized and interoperable infrastructure of the binary network, with BNRY as the primary transaction digital currency. Supporting multi-chain compatibility and global DApp growth the binary holdings blockchain infrastructure is gaining strong traction among DAPP developers. Through partnerships with over seven Layer 1 and Layer 2 blockchain networks, the binary holdings has created unique bridges which provide DAPP's immediate access to binaries expanding user base of 169 million, projected to reach 1 billion by 2025, creating unmatched

engagement and utility. By bridging Web 2 and Web 3, the Binary Holdings addresses a key challenge in the sector, accelerating Web 3 adoption at scale and establishing itself as a leader in building tangible utility and mass adoption. Greater than, the Binary Holdings is at the forefront of creating a new global standard for greater than digital distribution and commerce, said Siddharth Sahi, CBO, the Binary, Holdings. With the launch of the Binary Digital Bank, support from ABO Greater Than Digital, and an expanding network of partners, we're excited to continue greater than pushing boundaries and bringing innovative solutions to our global community. A tech powerhouse in Southeast Asia and the Middle East and a global

leader in the digital economy through mass adoption, the Binary Holdings is rapidly establishing itself as one of the region's most valuable and innovative tech companies, with a valuation of $16.9 billion. With strong partnerships, an expanding user base, and a commitment to essential infrastructure, the Binary Holdings is on track to become a global digital economy leader. Its blockchain technology drives innovation in decentralized finance, DeFi, NFTs, gaming, and digital commerce at scale, building a robust ecosystem that redefines business, payments, and global interactions. Greater than, we are excited to collaborate

with the binary holdings at such a pivotal time greater than in the evolution of the digital economy, said Talal Sami, investment associate greater than at ABO Digital. Greater than, the company's ability to innovate, scale, and bring real-world solutions to a greater-than-global audience is unmatched. Their groundbreaking work in creating seamless greater-than-global interoperability and fostering mass adoption of decentralized greater-than technologies aligns perfectly with our mission, and we are proud to support greater-than-them as they continue to shape the future of Web3. With ABO Digital's support and its expanding ecosystem and through real-world applications, from digital payments to cross-border commerce, the Binary Holdings is pushing Web3 and blockchain into the mainstream. About ABO Digital is an investment firm providing alternative financing solutions to cryptocurrency

projects around the world. It is part of the Alpha Blue Ocean Group, a pioneering multifamily office renowned for its leadership in alternative finance and innovative investment strategies. With a global presence and a commitment to supporting groundbreaking projects, ABO Digital has established itself as a driving force in fostering technological advancements and sustainable growth across various sectors, including health, medical innovation, and now, blockchain technologies. About the Binary Holdings Limited headquartered in Dubai, UAE, and with a global user base of 169 million, the Binary Holdings Limited is a leading decentralized technology company committed to creating open, interoperable networks for digital commerce. By 2025, it aims to empower

a billion users worldwide with secure, scalable blockchain infrastructure. Contact Head of PR Yusuf Badr White Label Strategy Yusuf Badr at White Label Strategy, IO. Tip This story was distributed as a release by Chainwire under HackerNoon's business blogging program. Learn more about the program here. Thank you for listening to this HackerNoon's business blogging program. Learn more about the program here. Thank you for listening to this HackerNoon story, read by Artificial Intelligence. Visit HackerNoon.com to read, write, learn and publish.