News
Saudi Innovator Secures Patent For Revolutionary Crypto Asset
Rand Al Kharashi’s Quintes Protocol promises perpetual value growth and aims to disrupt both the crypto and traditional markets.
Saudi entrepreneur Rand Al Kharashi is causing a stir in the decentralized finance space after securing a Patent Cooperation Treaty (PCT) from the World Intellectual Property Organization (WIPO) for her groundbreaking Quintes Protocol — a cryptocurrency model designed to avoid depreciation.
Scheduled for launch in January 2025, Quintes Protocol is being hailed as a disruptive force in the cryptocurrency space. Its innovative framework offers a perpetually appreciating asset with projected annual value growth of 18-30%. The technology is expected to bring new stability and reliability to an industry often criticized for its volatility.
“This is more than a milestone for Quintes Protocol – it’s an affirmation that exceptional and continued value can be created in the crypto field,” explained Al Kharashi. “Backed by intensive research, verifications, and the knowledge of renowned token engineers and researchers from leading blockchain companies, Quintes has just one destination: to pioneer the future of DeFi with unmatched growth, blazing the way for an exciting new world of cryptocurrency value”.
The Quintes Protocol aims to outperform traditional investment classes like S&P 500 stocks, gold, and high-yield bonds, as well as major cryptocurrencies like Bitcoin and Ethereum. By offering predictable growth and mitigating the risks typically associated with crypto investments, it is poised to attract a wide range of investors.
Also Read: iFLYTEK Smart Translator 4.0 Review: A Traveler’s Companion
Speaking on the inspiration behind Quintes, Al Kharashi said, “We’ve seen the potential for cryptocurrencies to achieve great returns for investors, but that growth is fickle. Growth bubbles occur, burst suddenly and unexpectedly, and the value is often lost. That is what inspired the creation of Quintes and the concept of perpetual growth, based on predictable collateral value appreciation”.
The foundation of the Quintes Protocol is the result of intensive research by Kitabq Research Lab. The development team includes elite engineers and scientists with backgrounds at ConsenSys, Binance, and Algorand, as well as financial giants such as Morgan Stanley. Together, they’ve raised over $600 million and boast a track record of successful projects across Web2 and Web3.
News
Syria Just Got Its First Super App Featuring Built-In Digital Payments
Built by UAE-based Syrian founders with the Ministry of Tourism’s backing, My Syria lands as visitor numbers more than double.
For most of the past decade, paying for anything in Syria with an international card was effectively impossible. Sanctions, a collapsed banking sector, and years of isolation left the country running on cash. That is what makes the launch of My Syria — the country’s first super app — more than a routine product announcement.
Developed by 121 Living, a company founded by four UAE-based Syrian entrepreneurs — Rami Kaiem, Feras Kaiem, Waseem Qudmani, and Kinan Madi — the app launched in Damascus on July 30 under the patronage of Minister of Tourism Mazen Al-Salhani. It bundles hotels, restaurants, transport, attractions, food delivery, and other lifestyle services into a single platform, currently offering eight services with plans to expand to more than 40 verified tourism and hospitality providers across the country.
Although the app already sounds enticing, the headline feature is its built-in payments. My Syria is the first platform in Syria to support cross-border digital payments through Apple Pay, Google Pay, Visa, Mastercard, and American Express — familiar tools for international visitors, and a route into the digital economy for local businesses that have long operated outside it.

The launch rides on a sharp rebound for the troubled country. Syria’s tourism sector recorded 3.52 million visitor arrivals in the first half of 2026, a 111 percent increase over the 1.67 million during the same period in 2025 — a mix of returning expatriates, regional visitors, and international tourists.
Also Read: This UAE Platform Wants To Replace Fashion Photo Shoots With AI
The Ministry of Tourism, which supported and supervised the app’s development, frames the launch as proof of concept for a wider strategy. “Digital transformation is one of the Ministry’s strategic priorities because it enables us to build a more competitive, connected and investment-ready tourism sector,” Al-Salhani said, inviting technology companies “globally, regionally and locally” to explore opportunities across the wider economy.
For 121 Living, this is phase one, with additional services and expanded geographic coverage planned. Whether a super app can flourish in a market still rebuilding its infrastructure is an open question, but for the first time in years, a visitor to Damascus can pay for dinner with their phone.
-
News2 months agoLUVED Is A New Curated Preloved Marketplace For The UAE
-
News2 months agoInstagram Now Lets You Tune Its Algorithm, But There’s One Big Catch
-
News2 months agoMax Fashion Brings AI Virtual Try-Ons To Gulf Online Shoppers
-
News2 months agoDeezer’s Free AI Detector Reveals What’s Hiding In Your Playlists
