Today in crypto, Rakbank has made history as the first traditional bank in the UAE to offer crypto trading for retail users via its mobile app, utilizing Bitpanda's technology. Customers can now buy, sell, and swap cryptocurrencies directly from their UAE dirham accounts, without the need for external exchanges, thereby avoiding foreign exchange fees. Additionally, Ray Dalio, a prominent hedge fund manager, advised that investors should allocate 15% of their portfolio to Bitcoin and gold in light of the looming US debt crisis. Meanwhile, PayPal has introduced a new checkout feature that allows US merchants to accept payments in over 100 cryptocurrencies, including Bitcoin and Ether, simplifying cross-border transactions while charging a significantly lower transaction fee compared to typical credit card processing costs.

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