Multibank Group extends its partnership with BMW M Motorsport for 2022

abdelaziz Fathi

MultiBank Group, which is in the midst of developing a “one-stop—shop for cryptocurrency, has announced the extension of its partnership with BMW M Motorsport for the third consecutive year.

The pact between BMW M Motorsport and MultiBank further builds on their long-standing alliance which dates back to the 2019/2020 season. Both firms will line up as partners in the 2022 season after they began their collaboration at the Macau Grand Prix in 2019. Since then, they have “enjoyed putting pedal to the metal across multiple countries, terrains, and weather conditions.”

MultiBank remains an official partner of BMW M Motorsport for the 24-hour Nürburgring race. The logo of the leading multi-asset broker will be visible on BMW M4 GT3 cars that will take to the track for BMW when the series gets underway at the Hockenheimring (DE) in April.

In relation to the partnership, Naser Taher, Founder & Chairman of MultiBank Group, comments: “We are inspired by the new blood behind the M TwinPower Turbo with 590 hp and energized by the new liveries and incredible teams making it all happen, MultiBank Group wishes the team a safe and exhilarating season for the successive races of the challenge.”

MultiBank closes two rounds of its IEO

The 2022 season commenced to a good start for both partners, the companies said in a joint statement. In racing, Neil Verhagen of Rowe Racing claimed a debut pole position for the BMW M4 GT3, added to the car rostrum this year alongside the Audi R8 LMS Evo II. The virtual race’s sole BMW M4 GT3 beat Nicki Thiim’s Beechdean AMR Aston Martin by 26s to top a podium completed by Attempto Racing’s Juuso Puhakka (Audi).

Owned by Naser Taher, MultiBank Group has launched MEX Digital, a global digital asset exchange that offers trading in more than 20 of the world’s top cryptocurrencies. The group has also set up MEX Pay, an electronic money institution offering online banking for both individuals and businesses, enabling customers to trade and bank in traditional currency as well as cryptocurrency.

The new ventures are underpinned by MEXD, the group’s own native coin that MultiBank is in the process of getting off the ground – it will run on the Ethereum blockchain and serve as a utility token that ensures MultiBank’s ecosystem is interoperable.

“After successfully closing the first and second private rounds of the Initial Exchange Offering (IEO) of their native ecosystem coin listing mid-year 2022 MultiBank Group is in anticipation of remaining third private round and mega public round approaching in the coming weeks. Immense project roll-out plan is envisaged that entire project of blockchain ecosystem will have a market cap of US$40 billion,” the statement reads.

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