Virtuzone and Binance Announces a Strategic Partnership to Grow Cryptocurrency Adoption in UAE
- Nadeem Ladki, Executive Director of Business Development and Strategic Partnerships at Binance, said UAE is a major cryptocurrency hub in the region, thus making the partnership strategic.
- Virtuzone joins JA Resorts and Hotels and Majid Al Futtaim as the initial companies in the UAE to have integrated Binance Pay into their systems.
- Binance native coin (BNB) is exchanging hands at $281.24, down 5 percent in the past 30 days.
Virtuzone, a leading provider of business formation and corporate services in the United Arabs Emirates (UAE, has announced a strategic partnership with cryptocurrency exchange Binance, to further digital asset adoption in the region. According to the partnership details, Virtuzone will become the first company in the UAE to accept cryptocurrency payments for business setup through Binance Pay.
Neil Petch, Chairman, and Co-founder of Virtuzone said the partnership with Binance reflects the company’s commitment to continue the pursuit of innovative solutions in UAE.
“ 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,” Petch noted.
George Hojeige, CEO of Virtuzone, said the partnership with Binance will ease the way for the establishment of companies specializing in decentralized finance (DeFi), blockchain technologies, non-fungible token (NFT) development, and trading, in the UAE.
On the other hand, Nadeem Ladki, Executive Director of Business Development and Strategic Partnerships at Binance said UAE is a major cryptocurrency hub in the region, thus making the partnership strategic.
“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 and demonstrates the way forward when it comes to setting up businesses in the UAE,” Ladki noted.
Notably, Virtuzone joins JA Resorts and Hotels and Majid Al Futtaim as the initial companies in the UAE to have integrated Binance Pay into their systems.
Virtuzone and Binance On Cryptocurrency Adoption
Cryptocurrency adoption has been the key not for most companies holding digital assets. In this case, Binance is using all its resources at its disposal to further cryptocurrency adoption in the world. Remember, the cryptocurrency exchange has been regulated in most jurisdictions around the world including the signing of several MoUs with different places.
Notably, Virtugroup is a Dubai-based holding that offers free zone and mainland company formation services to global investors. In doing so, the company is helping the country open up to global investors through the cryptocurrency and blockchain industry.
Binance is rushing to convince as many people as possible to use its platforms to access the booming cryptocurrency and blockchain industry. Furthermore, the level of competition is so high in the cryptocurrency and blockchain industry that most services are advantageous to the customers.
Dubai has enacted laws that enable global cryptocurrency and blockchain companies to set up regional offices in the city. Moreover, most crypto-based companies have identified Dubai as a friendly market including Ripple and crypto.com.
Notably, Crypto investors see Dubai as key access to the greater Middle East and some parts of Asia.
Meanwhile, Binance native coin (BNB) is exchanging hands at $281.24, down 5 percent in the past 30 days, according to our data.
Rebecca is a Senior Staff Writer at BitcoinWisdom, working hard to bring you the latest breaking news in the cryptocurrency market. In the words of Elon Musk “Buy stock in several companies that make products & services that *you* believe in. Only sell if you think their products & services are trending worse. Don’t panic when the market does. This will serve you well in the long-term.”
