Blockchain is gaining traction in many countries, and the Middle East is no exception. Muhammad Salman Anjum, the Chief Associate at InvoiceMate and Head of BSV Hub for the Middle East and South Asia, conveyed that InvoiceMate uses BSV enterprise blockchain to expand the invoice services. “Invoices are the world’s most used commercial document,” Anjum said at the CoinGeek Zurich Conference.
Applauding companies, such as nChain, TAAL (CSE: TAAL | FWB:9SQ1 | OTC: TAALF), and MoneyButton, Anjum said InvoiceMate is seeking a vital ecosystem in addition to reliable technical infrastructure. He pointed out InvoiceMate would be accompanied by PayMate as a standalone payment service provider and FinMate as a liquidity pool. The process will be implemented via MATE token, which Anjum named the first shariah-compliant token.
He announced that Islamic financing is the potential market and that InvoiceMate will connect conventional businesses with the Islamic invoice financial system. For instance, talks about Halal coins and Shariah compliance of digital assets are already in the limelight.
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