Virtuzone Partners With Binance to Accept Crypto Payments
Table of contents
Virtuzone-Binance Partnership to Promote Digital Currencies
One of the largest cryptocurrency markets in the world is the UAE. Virtuzone, a Dubai-based company, aims to promote the use of digital currencies in the area. Majid Al Futtaim and JA Resorts & Hotels recently connected with Binance Pay.
With its ability to enable rapid and contactless cryptocurrency payments, Binance Pay has become increasingly popular in the world of payments. It supports several cryptocurrencies, enables user-to-user payments, and offers instantaneous global money transfers. As a result, costs and delays associated with transactions handled by intermediaries or third parties are eliminated. The Virtuzone-Binance partnership agreement will help entrepreneurs who want to launch local businesses.
Crypto Ecosystem in the UAE
Some of the top cryptocurrency startups in the world are based in Dubai. The relationship with Binance, according to Virtuzone CEO George Hojeige, would create a business environment in the area that is favorable to cryptocurrencies and focused on technology. A holding company established in Dubai called Virtugroup includes Virtuzone, which provides mainland and free zone company creation services, and Next Generation Equity, which offers several citizenships and residency-by-investment programs.