Floxy Pay, a decentralized Web3 wallet platform, has officially secured its Non-Custodial Wallet License under Ras Al Khaimah Digital Assets Oasis (RAK DAO), marking a significant milestone for the company’s expansion into the UAE’s digital finance ecosystem.
This license allows Floxy Pay to offer non-custodial wallet services across the UAE, empowering users to send, receive, and store cryptocurrencies with full control over their assets. With zero gas fees on transactions, Floxy Pay makes crypto payments seamless and cost-effective—perfect for users who want fast, secure transfers without hidden costs.
The platform also simplifies cross-border finance by supporting crypto with fiat features, including USDT to INR conversions—making it easier for users to move between stablecoins and local currency.
Ormran, Founder of Floxy Pay, said:
“With Floxy Pay, we’re creating a space where users can manage their crypto freely, securely, and without barriers. The RAK DAO license is a clear signal that the future of finance belongs to the people, and we’re ready to build for that future.”
With the UAE emerging as a global hub for digital assets, Floxy Pay is committed to supporting financial inclusion through easy-to-use tools that make decentralized finance accessible to everyone. From zero gas fees to fiat on-ramps, Floxy Pay is setting a new standard for Web3 wallets—designed for everyday users, not just crypto experts.
Looking ahead, Floxy Pay is scaling its services across the region and integrating with more payment partners to unlock even greater utility for users.
