- Through its partnership with Binance, Virtuzone seeks to advance the use of cryptocurrencies and blockchain technologies in the country, while playing a key role in the Web 3.0 movement in the UAE.
- Virtuzone joins the ranks of JA Resorts and Hotels and Majid Al Futtaim as pioneering companies in the UAE to integrate Binance Pay into their systems.
DUBAI, UAE: Virtuzone, the UAE’s leading provider of business creation and business services, has partnered with Binance, the world’s leading blockchain ecosystem and cryptocurrency infrastructure provider, to become the first company in the UAE to accept cryptocurrency payments for business formation via Binance Pay.
A niche leader in the early adoption of cryptocurrency, Virtuzone intends to help reduce barriers to entrepreneurship by enabling cryptocurrency payments for business creation, and simultaneously create more opportunities for global companies to tap into the country’s thriving startup community.
Through this strategic partnership, Virtuzone also seeks to advance the use of cryptocurrencies and blockchain technologies in the country, while playing a key role in the Web 3.0 movement in the United Arab Emirates.
With this development, Virtuzone has joined the ranks of JA Resorts and Hotels and Majid Al Futtaim as pioneering companies in the UAE for integrating Binance Pay into their systems.
Binance Pay, a proprietary cryptocurrency payment technology powered by Binance, facilitates contactless, borderless, and secure cryptocurrency payments and transfers. It supports a number of cryptocurrencies, enables instant money transfers globally, and enables user-to-user transfers, removing the fees and delays associated with transactions handled by intermediaries or third.
Neil Petch, president and co-founder of Virtuzone, said, “The partnership we have forged with Binance reflects our commitment to continue our search for innovative solutions that will positively impact the UAE startup community, while expanding future possibilities and opportunities for Virtuzone and its customers. with a renowned leader in Web 3.0 technology like Binance puts us at the forefront of digital transformation and the Fourth Industrial Revolution in the UAE and the region.
Speaking on the effect of partnership in the UAE business sector, George Hojeige, CEO of Virtuzone, added, “Our alliance with Binance aims to generate more synergies between the business setup and the crypto industries, with an overarching goal of creating a crypto-friendly, tech-centric business environment where we can facilitate the creation of companies specializing in decentralized finance (DeFi), blockchain technologies, non-fungible token (NFT) development and trading, and more, making the UAE a hub for innovation and next-generation technologies.
Nadeem Ladki, Executive Director of Business Development and Strategic Partnerships at Binance, said:
“As a leader in its field, Virtuzone’s decision to accept cryptocurrency payments and integrate Binance Pay into its systems raises the bar for innovation and shows the way forward when it comes to is all about building businesses in the UAE. Binance Pay’s ease of use anywhere in the world, coupled with state-of-the-art security and technology, will be hugely attractive to the local and global startup community looking to grow their businesses from of the United Arab Emirates.
Virtugroup is a Dubai-based holding company comprised of Virtuzone, which offers free zone and mainland company formation services; and Next Generation Equity, which offers a range of citizenship and residency programs by investment. With over 100 employees speaking 30 languages, Virtuzone provides unbiased advice on setting up a business in the UAE while being an end-to-end solution provider for a host of business services, including everything from visas and business licenses to accounting and branding. As the leading company formation specialist in the UAE, Virtuzone takes the complexities out of starting a business so entrepreneurs can focus on what really matters to their business success.
Binance is the world’s leading provider of blockchain ecosystem and cryptocurrency infrastructure. Trusted by millions around the world, the Binance platform is dedicated to increasing money freedom for users and offers an unparalleled portfolio of crypto products and offerings, including: education, data and research, social good, investment and incubation, decentralization and infrastructure solutions, and more.
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