In today's crypto news, Rakbank has become the first conventional bank in the UAE to facilitate crypto trading for retail customers through its mobile app, offering a regulated platform powered by Bitpanda. Customers can trade directly from their UAE dirham accounts without transferring to external exchanges, which eliminates foreign exchange fees. Additionally, hedge fund manager Ray Dalio advocated for investors to allocate 15% of their portfolios in Bitcoin and gold in light of the growing US debt crisis, suggesting a shift from his earlier recommendations. Finally, PayPal has unveiled a new tool for US merchants to accept payments in over 100 cryptocurrencies, with transactions being automatically converted to its stablecoin or fiat currency, offering lower transaction fees compared to traditional credit card processing. This service is aimed at simplifying cross-border transactions for small and medium-sized businesses.

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