Loyyal joins Dubai Future Accelerators programbr>
Loyyal is participating in the historic Dubai Future Accelerators program.
The startup, which rebranded from Ribbit.me in April this year, is a loyalty and rewards platform built with blockchain and smart contract technology. It is already a member of the Dubai Global Blockchain Council, and has been focusing on developing a Dubai Points program for tourists.
Launched under the directives of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai. The Dubai Future Accelerators is backed by a AED 1 billion (US$275M) fund and is a historic and unprecedented program. The program pairs top companies and cutting-edge entrepreneurs with strategic partners in Dubai to collaborate on and create breakthrough solutions.
According to the official release, Loyyal will be working closely with Dubai Holding, which is focusing on digital solutions across the hospitality, food and beverage, and real estate sectors that reduce paperwork and the need for human intervention, while increasing transaction speeds and customer satisfaction.