Virtuzone, a leading provider of corporate and business formation services in the United Arab Emirates, and Binance have partnered to enable crypto payments via Binance Pay in the UAE.
This makes Virtuzone the first company in the country to accept cryptocurrency payments for business setup via Binance Pay, Coin Journal has obtained: press release.
Reducing barriers to entrepreneurship
Virtuzone minimizes barriers to entrepreneurship by allowing the business set-up process to be paid using cryptocurrencies, while also providing opportunities for companies to tap into the country’s thriving startup community. We aim to increase.
This leading service provider is facilitating the use of blockchain technology and cryptocurrencies in the UAE while playing a key role in the country’s Web 3.0 movement.
Binance Pay eliminates transaction fees and delays
Binance Pay enables borderless, contactless and secure cryptocurrency payments and transfers.
It enables instant money transfers worldwide, supports a multitude of cryptocurrencies, enables money transfers between users, and eliminates the delays and fees associated with transactions processed by intermediaries.
Prior to Virtuzone, Majid Al Futtaim and JA Resorts and Hotels integrated Binance Pay into their systems.
Virtuzone CEO George Hojeige commented:
The partnership with Binance has the main goal of creating a tech-centric, crypto-friendly business environment to make it easier to find companies specializing in Decentralized Finance (DeFi), NFTs. , aims to improve synergies between the cryptocurrency industry and the business setup industry. development, blockchain technology, etc.
Nadeem Ladki, Executive Director of Business Development and Strategic Partnerships at Binance, said:
The ease of use, top grade technology and security of Binance Pay that can be used anywhere in the world make it very attractive to global and local startup communities looking to build their business out of the UAE.
Virtuzone Chairman and Co-Founder Neil Petch added:
Our partnership with Binance demonstrates our commitment to continue to pursue new solutions that have a positive impact on the UAE startup community while improving the potential and opportunities for Virtuzone and its customers. Working with a prominent Web 3.0 technology leader like Binance puts us at the forefront of the digital transformation of the UAE and the region as a whole.