- Virtuzone has partnered with Binance to accept crypto payments with Binance Pay.
- The company aims to reduce the barriers to entrepreneurship in the UAE.
- Virtuzone has now joined the ranks of JA Resorts and Hotels and Majid Al Futtaim as companies that integrate with Binance Pay.
According to a recent press release, the UAE’s leading provider of business formation and corporate services, Virtuzone, has partnered with the Binance crypto exchange, which is the biggest crypto exchange in terms of daily trading volume and is the leading blockchain infrastructure provider.
The intention behind the partnership is for Virtuzone to become the first company in the UAE to accept crypto payments for business setup using Binance Pay. Virtuzone aims to reduce the barriers to entrepreneurship in the region while simultaneously providing more opportunities for global businesses to tap into the country’s thriving startup community.
Through this new strategic partnership, Virtuzone will also seek to increase the rate of adoption and usage of cryptocurrencies and blockchain technologies in the region, while also playing a pivotal role in the Web 3.0 movement in the UAE.
Given this development, Virtuzone has now joined the ranks of JA Resorts and Hotels, as well as Majid Al Futtaim, as pioneering companies in the UAE to have integrated Binance Pay within their systems.
According to the Chairman and Co-founder of Virtuzone, Neil Petch, “The partnership we have forged with Binance reflects our commitment to continue our pursuit of innovative solutions that will positively impact the UAE startup community, whilst expanding the future possibilities and opportunities for Virtuzone and its clients.”
Petch went on to say that, “Collaborating with a renowned Web 3.0 technology leader like Binance puts us at the forefront of digital transformation and the Fourth Industrial Revolution across the UAE and the region.”
The Executive Director of Business Development and Strategic Partnerships at Binance, commended Virtuzone for their openness to innovation and said, “As a leader in its space, Virtuzone’s decision to accept cryptocurrency payments and integrate Binance Pay into its systems raises the bar for innovation.”