We are proud to launch the ZcashArabia initiative, focusing on the Middle East and North Africa (MENA) region. Our team brings extensive experience from numerous major projects, positioning us to effectively promote Zcash’s privacy-preserving features in this dynamic market.
The MENA region is emerging as a pivotal area for cryptocurrency adoption, presenting significant opportunities for Zcash. The region’s unique economic dynamics and proactive regulatory environments make it a fertile ground for digital currencies.
Why MENA is Important for Zcash:
Economic Diversification and Innovation: Countries like the United Arab Emirates (UAE) and Saudi Arabia are actively diversifying their economies beyond traditional sectors. The UAE, for instance, has implemented innovation-friendly regulatory frameworks that promote cryptocurrency adoption while ensuring consumer protection. This approach has attracted numerous crypto enthusiasts and entrepreneurs to the region.
Youthful Demographics: Saudi Arabia, with approximately 63% of its population under the age of 30, boasts a young and tech-savvy demographic. This group is particularly open to experimenting with new financial technologies, including cryptocurrencies, making it a promising market for Zcash.
Regulatory Support: The UAE continues to experience rapid growth in the crypto space, driven by a combination of regulatory innovation, institutional interest, and expanding market activity. Between July 2023 and June 2024, the UAE received over $30 billion in crypto, ranking the country among the top 40 globally in this regard and making it MENA’s third-largest crypto economy.
The MENA region’s rapid adoption of cryptocurrencies, supported by favorable economic conditions and regulatory frameworks, underscores its importance for Zcash’s growth and outreach efforts.
We look forward to your support and are eager to hear your feedback on the initiative.
While we are not currently seeking a grant, despite our extensive experience, we first aim to demonstrate our capabilities to the Zcash community. Later, we may consider making a formal request for support for our initiative.
i personally would like to know a bit more about the team members, their social profiles like twitter/x or some other where they have posted about their previous work.
something more tangible than the current presentation provides.
Thank you for sharing your opinion. I hope we can maintain a respectful and constructive dialogue. If you believe our proposal is not a good fit, you are free to reject it without resorting to insults.
We are actively working on various initiatives and striving to introduce innovative ideas that benefit Zcash. Our efforts include building an Arabic-speaking community and creating valuable content to attract new members and developers, an achievement in itself.
Additionally, we have observed that the number of transactions on Zcash is relatively low. To address this, we propose launching an academy and hosting seminars where participants will create a Zcash wallet for the first time. We believe this is a significant step toward broader adoption.
Moreover, we have developed interactive educational games about Zcash, which you can try now. We see these games as a powerful tool to attract a large number of users, encouraging them to open Zcash wallets, conduct transactions, and simultaneously learn about the ecosystem.
The MENA region holds immense potential, particularly in investment and remittances. The Gulf region, being one of the largest sources of foreign remittances worldwide, presents a strong opportunity for Zcash adoption among millions of expatriate workers sending money home.
We welcome constructive feedback and collaboration to enhance Zcash together. Our goal is to introduce fresh ideas and work collectively to find the best solutions.
@ZArabia Thank you for your submission. After careful consideration by @ZcashGrants and allowing sufficient time for community feedback on the forum, the committee has decided to reject this proposal.
We appreciate your efforts in submitting a grant and encourage you to stay engaged in the Zcash community. Continue building your community, share your progress with the broader Zcash ecosystem, and connect with other Zcash communities to strengthen your impact. Becoming more involved with Zechub and actively contributing to discussions can also help improve your chances for a future grant.