Today in crypto news, Rakbank has become the first traditional bank in the United Arab Emirates to enable crypto trading for retail users through its mobile app, which is powered by Bitpanda. This launch allows customers to buy, sell, and swap cryptocurrencies directly from their UAE dirham accounts without the need for transferring funds to an external exchange or dealing with foreign exchange fees. Concurrently, billionaire hedge fund manager Ray Dalio recommended that investors allocate 15% of their portfolios into Bitcoin and gold amid a US debt crisis, suggesting a significant increase from his previous recommendations. Furthermore, PayPal has introduced a new checkout feature that will enable US merchants to accept payments in over 100 cryptocurrencies, integrating with popular crypto wallets and automating the conversion to its stablecoin, PYUSD, or fiat currency. This new service aims to simplify cross-border transactions for businesses, particularly small and medium-sized enterprises.

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