MRHB DeFi and Coinsbit India team up to bring halal crypto

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MELBOURNE, Australia, Aug 29, 2021 (GLOBE NEWSWIRE) – The world’s premier halal DeFi ecosystem, MRHB DeFi, is collaborating with India’s leading cryptocurrency trading platform Coinsbit to deliver crypto-asset opportunities to the huge Indian population of 200 million Muslims, promoting greater participation in the blockchain economy.

The MRHB DeFis vision of an inclusive crypto-verse, follows the principles of Islamic ethical finance but is suitable for those seeking a socially conscious blockchain that avoids interest, usury, exploitation and other deemed business practices. unethical.

Being halal means that MRHB DeFi operates within the highly ethical constraints of Sharia law, which broadly implies that all business decisions are made in conjunction with Islamic teachings that promote inclusion, access and faith, and work. in a simple and transparent way for the benefit of its users.

A visionary partnership to serve 200 million Muslims

India is home to 200 million Muslims representing 10% of the world’s population and is the third largest Muslim community in the world. This group is often excluded from the cryptoversy because of their religious tenets regarding financial and business conduct.

What this partnership means:

Coinsbit is said to be the first Indian exchange to introduce a certified Sharia-compliant project to the Muslim community. MRHB will conduct an Initial Exchange Offer (IEO) on the Coinsbit Exchange upon launch and present the blockchain’s native token, $ MHB (Marhaba Token), to the global community. Coinsbit is headquartered in Hyderabad, which is geographically close to the large metropolitan community of Hyderabad and Bangalore, which has a large Muslim population, MRHB DeFi will integrate the Coinsbits portal with its application (Sahal Wallet), allowing users to use directly Coinsbit to trade cryptoassets. to Indian community MRHB DeFi would also lead the marketing activities for the exchange in the rapidly growing Australian market Both partners will gain significantly from each other’s marketing and community growth activities

A shared mission for an inclusive cryptovers

Blockchain and DeFi exploded in popularity in 2021, and we expect this stratospheric growth to continue. This is why we were delighted to team up with one of India’s leading cryptocurrency exchanges to bring MRHB DeFi products and services to anyone across the Indian subcontinent looking for a true alternative. ethics to existing platforms in the cryptoverse, said Naquib Mohammed, MRHB. Founder and CEO of DeFi.

Blockchain offers incredible potential for all communities. We aim to offer this potential to those who may have previously had difficulty accessing or have been cautious in using DeFi products and services. We also hope to provide them with all of the rich opportunities for growth, expansion and development that DeFi offers, Naquib adds.

We were excited to embark on this shared journey with the MRHB. Islamic DeFi and Sharia-based crypto financial products are an area of ​​extraordinary growth and potential for India. We are committed to providing the visionary range of MRHB DeFis services and products to our clients across our continent, said Ravneet Kaur, CEO of Coinsbit India.

She continues: The time has come for a blockchain project based on the principles of faith, inclusion and access for all, while being transparent and simple to use. MRHB DeFi has shown us that they are committed to a long-term vision for ethical people all over the world, regardless of their faith.

Asian countries overtake the rest of the world in terms of cryptocurrency adoption, and India ranked second in the Global Cryptocurrency Adoption Index, according to the Global Cryptocurrency Adoption Index. 2021 coin from the Chainalysis blockchain data platform. The Indians have invested more than five times the amount of the previous year and the momentum is encouraging. https://twitter.com/BitcoinComExch/status/1432023724740550662 Crypto adoption is on the rise in India and Indian exchanges WazirX, CoinDCX and Coinswitch Kuber doubled their user base between January and March 2021.

Coinsbit India started operations recently and has already gained market attention by onboarding one million users in about three months.

About MRHB DeFi

MRHB DeFi is a halal and decentralized financial platform designed to embody the true spirit of ethical and inclusive DeFi by following faith-based financial and business principles, where all excluded communities can benefit from the full empowerment potential of Challenge.

Based on blockchain principles such as trust, transparency, and security, MRHB DeFi has encapsulated universally applicable Sharia principles into these blockchain principles to deliver a suite of offerings. It is a complete DeFi ecosystem whose crypto products, protocols and assets are primarily governed by ethical, inclusive, sustainable and charitable investment principles associated with the Islamic faith or Islamic finance (IF as it is commonly called).

The diverse team is made up of researchers, technocrats, influencers, Islamic financial technology experts, and entrepreneurs, who have come together to ensure that MRHB DeFi prevails in a way that will impact the society as a whole, essentially bridging the gap between faith-conscious communities and the blockchain world.

Learn more about MRHB DeFis Shariah Concept Paper, Lite and White Paper here.

Official channels of the MRHB DeFi Website: https: //marhabadefi.comTwitter: https://twitter.com/marhabadefiTelegram: https://t.me/mdf_officialTelegram Announcements: https://t.me/marhabadefi_ANNYouTube: https: // www. youtube.com/channel/UCHuvZG9DbS5ffeoqLX_bERgMedium: https://medium.com/@marhabadefiLinkedIn: https://www.linkedin.com/company/marhabadefi

About Coinsbit India

Since its inception in 2017, Coinsbit has been one of the most trusted exchange platforms for cryptocurrency traders around the world. Coinsbit India aims to become the leading trading platform for the Indian market, which is just starting to realize the potential of cryptocurrencies. It still operates under the guidelines set by the Indian government. Coinsbit India is committed to providing a service, reliability and convenience that cannot be matched by any other platform, and as one of the largest cryptocurrency exchanges in the world, is proud to represent the ‘India.

Official Coinsbit India Channels Website: https: //coinsbit.inTelegram: https://t.me/CoinsbitIndiaChannelTwitter: https://twitter.com/CoinsbitIndiaFacebook: https://www.facebook.com/CoinsbitIndiaInstagram: https: / / www .instagram.com / coinsbitindia

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