Top Blockchain Companies in Qatar

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Blockchain, Crypto, Market, Middle East, News, NFT, UAE
May 21, 2024
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Qatar is one of the technology-friendly countries in the Middle East. Additionally, the country has a welcoming environment for Information Technology (IT) companies. Global IT companies are setting up headquarters and branches in Qatar because of the country’s talent availability, cost competitiveness, favorable ownership structure, and market access to the Middle Eastern region. Blockchain is among the fastest-evolving IT technologies. In this article, we will look at the top blockchain companies in Qatar.

Blockchain in Qatar

As earlier pointed out, blockchain technology grew and became popular fast. According to Buy Bitcoin Worldwide, in 2021, 2.8% of the world population will use blockchain. Then, there were already about 80,025,125 wallet users. In Qatar, the story is the same. The technology is predicted to record 66% yearly growth and reach $253 million by 2026. Over the years, Qatar has been incorporating blockchain in different sectors and industries. Moreover, the country has organized different blockchain-related events.

Qatar’s Top Blockchain Companies

FiFaSport

FiFaSport is a blockchain-based DeFi platform that incorporates DAO and fan sport NFTs. It combines NFTs, DeFi, and game-fi to set up a web3 sport-fi ecosystem. This allows users to launch fan tokens and submit sports matches. FiFaSport operates in the B2C sector. Hence it serves the High Tech, FinTech, Gaming, and Blockchain Technology market segments.

Rife

Rife is an Ethereum-based cryptocurrency designed for payments founded in 2017. It offers users Rife ATM cards, Rife Box “POS,” and online payment solutions. Additionally, users can earn RIF tokens by participating in the bounty campaign. Rife operates in the B2C space within the High Tech, FinTech, and Blockchain Technology market segments.

QATAR PAY

QATAR PAY is a decentralized cryptocurrency for making payments founded in 2019. QATAR PAY headquarters is in Doha in Qatar. It lets users send, receive, and store various crypto assets through wallet solutions and exchange platforms. Qatarpay operates in both B2C and B2B spaces within the High Tech, FinTech, and Blockchain Technology market segments.

Appventurez

Appventurez is a top eCommerce web and app development company in the United States set up in 2018. Also, the company has global offices in Qatar, Dubai, the UK, South Africa, Mexico, Germany, Qatar, and India. Appventurez has built over 100 apps using technologies such as Blockchain, Augmented and Virtual (AR/VR), Artificial Intelligence (AI), and Cloud computing.

Final Words

Qatar is one of the Middle Eastern nations with a tech-friendly environment. Hence, it is not surprising that several blockchain companies operate from all parts of Qatar. Some of the blockchain companies in the country include QATAR PAY, Appventurez, FiFaSport, and Rife.