We’ve partnered with Rain, the region's first regulated crypto assets trading platform in the region. This partnership empowered Rain to drive faster, cost-effective fiat-to-crypto transactions to Bahrain consumers and enable funding payments directly from a user's bank account without the need to leave Rain’s platform.
About Rain
Rain stands at the forefront of the cryptocurrency revolution, operating as a distinguished cryptocurrency exchange catering to a diverse clientele across MENA. Founded in Bahrain, Rain is a proud licensee and adherent to the rigorous regulatory standards set by the Central Bank of Bahrain (CBB). With a seamless and user-friendly interface, Rain offers both novice and seasoned traders a gateway to a world of digital assets. By blending advanced trading functionalities, competitive fee structures, and a responsive customer support network, Rain has successfully cemented its reputation as the go-to platform for those seeking to navigate the cryptocurrency landscape confidently and easily.
The Challenge
Rain faced a pivotal challenge that echoed across the industry - the need for faster, safer, and more cost-effective payment solutions for their users. Traditional methods of transferring funds within the crypto ecosystem often suffer from lengthy processing times, security vulnerabilities, and high transaction costs. This challenge hindered Rain's mission to provide its customers with a seamless and efficient experience.
The Solution
Leveraging our payments API, Rain can now facilitate on and off-ramp (fiat-crypto-fiat) transfers for their users, dramatically increasing the speed and reducing errors associated with traditional bank wire transfers. Introducing this new feature aligns with Rain’s strategy to provide the most premium and seamless crypto wallet experience for its MENA users.
This seamless convergence of Rain's crypto expertise and our innovative payment APIs transformed the crypto payment landscape. Rain's users can now experience the combined advantages of rapidity, security, and cost savings, establishing Rain as a trailblazer in the industry.
Abdulla Almoayed, Founder and CEO of Tarabut Gateway, said:
“We’re delighted to unveil a solution that aims to make fiat-to-crypto transfers quicker, more secure, and cost-effective – and enable such funding methods directly from bank accounts. Our partnership with Rain is a perfect cross-sector synergy made possible by Bahrain’s advanced open banking ecosystem. Crypto trading, wallets, and other blockchain use cases are natural allies in opening up traditional banking and finance. We are proud to partner with Rain to provide a user-focused approach to crypto services by bringing the advantages of open banking digital solutions.”
Joseph Dallago, Chief Executive Officer of Rain, added:
“Our partnership with Tarabut Gateway unlocks a new era for crypto assets adoption in the region. Through quick and efficient deposit mechanisms, crypto traders on Rain’s platform can now fund their accounts and capitalise on market movements seamlessly. The integration with Tarabut Gateway cements Rain’s premium product offering in the region.”
Pioneering the Future of Payments
Our dynamic partnership with Rain signifies a monumental stride towards reshaping the landscape of cryptocurrency transactions. Together, we're set on a mission to catalyse innovation and revolutionise how users engage with digital assets. This collaboration signifies our commitment to elevating user experiences, fostering financial accessibility, and propelling the crypto industry towards unprecedented growth.
