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POCO Unveils New X5 Pro And X5 5G Smartphones

The company claims the handsets will offer amazing value and the most satisfying user experience of a smartphone under AED 1000.

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poco unveils new x5 pro and x5 5g smartphones
POCO

To celebrate its 5th anniversary, POCO has launched two new smartphones in the United Arab Emirates, the POCO X5 Pro and POCO X5 5G.

The handsets boast several upgrades over previous models and promise to delight tech enthusiasts looking for flagship features at a lower price point. While the Pro model packs in more advanced tech, the mid-range X5 5G also looks well-specced for its modest outlay.

Here are the specifications of both new devices:

POCO X5 Pro

The POCO X5 Pro comes with a 6.67″ Flow AMOLED display with a 120HZ refresh rate, similar to most modern flagship devices. The screen is said to be lighter and thinner than previous devices thanks to “flexible display technology” and promises ultra-smooth scrolling and stunning color reproduction.

The X5 Pro is powered by a Snapdragon 778G 5G chipset, which should make day-to-day operation extremely snappy, though POCO is keen to point out that camera processing will also be much more efficient. The tech firm claims that the 108MP camera has seen processing speeds and responsiveness jump by 69% for general photography and 38% for night mode shooting.

Finally, the X5 Pro will come in black, blue, or yellow colorways. There’s only one storage and RAM variant on offer, shipping with 256GB and 8GB, respectively.

POCO X5 5G

The POCO X5 5G is said to “redefine ideas about mid-range smartphones with everything Gen Z users need.” To that end, there’s a super light 6.67-inch AMOLED Dot display which helps the handset to achieve a weight of 189g.

poco x5 5g smartphone

The display gets the same smooth 120HZ refresh rate as the Pro model, though it sees a slight processor downgrade, utilizing the Snapdragon 695 chipset.

The POCO X5 5G will ship in green, blue, and black, with two RAM and storage variants: 6GB+128GB and 8GB+256GB.

Price & Availability

The X5 Pro will cost 1549 AED, while the X5 5G will set smartphone shoppers back between 799 AED and 999 AED, depending on spec.

Both handsets are available as of February 7th.

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Binance Receives Virtual Assets License To Operate In Dubai

As its user base nears 200 million, CEO Richard Teng believes crypto adoption will soar over the next half of the decade.

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binance receives virtual assets license to operate in dubai

Global crypto exchange Binance has been granted a full operational license in Dubai, in a move that’s expected to accelerate digital asset adoption and strengthen the UAE’s regulatory landscape.

The virtual asset service provider license (VASP) was granted by the Dubai Virtual Assets Regulatory Authority (VARA) and will allow Binance to extend its current range of services to retail investors, the company announced yesterday.

The move by Dubai authorities will be critical to Binance’s strategy of growing its user base globally. The crypto exchange expects to pass the 200 million user mark “quite shortly”, according to Richard Teng, the company’s CEO.

Once that milestone is achieved, Binance will have around twice as many users as rival platform Coinbase. Meanwhile, Crypto.com, another popular exchange with 80 million users, received a Dubai VASP license last week.

“We’re seeing much greater institutional adoption and institutional money coming into this space [along with] much greater regulatory clarity and a lot more jurisdictions approving [digital asset] products that bring in new investor classes,” Binance’s Richard Tang explained, adding: “As of now, we stand at about 5% crypto adoption globally, but that will become much faster moving forward”.

Also Read: Microsoft Invests $1.5 Billion In Abu Dhabi AI Tech Firm G42

Dubai and the UAE are extremely supportive of technologies like digital assets, and have already launched initiatives to boost adoption. The UAE has ambitious plans to become a world leader in the crypto economy of the future, with Dubai in particular being noteworthy for passing a new law to regulate virtual assets to support investors and exchanges.

“Global crypto regulation is currently showing diverging signs. Some developed countries have long suffered from crypto-related frauds and illegal exchanges. On the other hand, emerging nations like the UAE and Singapore have enacted crypto laws at faced pace,” said Vijay Valecha, chief investment officer of Dubai-based Century Financial.

As the UAE gears up to become one of the fastest-growing crypto capitals worldwide, investors and talent are flocking to places like Dubai. During 2023, the Emirates as a whole realized $204 million in capital gains from cryptocurrency investments, according to blockchain data analysts Chainalysis.

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