Dubai-based business creation services provider Virtuzone is using Binance Pay. cryptocurrency started accepting payments.
The World’s Largest Cryptocurrency Exchange Binance Collaborates with United Arab Emirates-based Virtuzone
Nadeem Ladki, Director of Business Development and Strategic Partnerships at Binance, said in a press release on Monday:
“Virtuzone’s decision to accept cryptocurrency payments and integrate Binance Pay raises the bar for innovation and clearly sets the tone for starting a business in the UAE.”
Binance Pay, a contactless cryptocurrency payment service designed by crypto exchange, Bitcoin (BTC), Ethereum (ETH) and USD Coin (USDC) It supports more than 40 cryptocurrencies, including
The platform aims to enable instant international money transfers and user-to-user transfers by eliminating third-party transaction fees.
Aiming to become a crypto hub, Dubai recently established a Virtual Assets Regulatory Authority (VARA) and passed a number of crypto-friendly laws.
Among these developments is Dubai’s effort to issue operating licenses to several leading cryptocurrency exchanges, which may have accelerated companies’ adoption of crypto payments across the UAE.
A number of UAE-based businesses have recently started using Binance Pay, including JA Resorts and Hotels, Majid Al Futtaim and luxury property developer Damac.
*Not investment advice.
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