Binance and Virtuzone partner for crypto payments in UAE


Virtuzone, the leading provider of company and business creation services in the United Arab Emirates, and Binance have partnered to enable crypto payments through Binance Pay in the United Arab Emirates.

With this, Virtuzone becomes the first company in the country to accept crypto payments through Binance Pay for trade setup, Coin Journal has learned. Press release.

Reduce barriers to entrepreneurship

Virtuzone aims to minimize barriers to entrepreneurship by making it possible to pay for business creation processes using cryptocurrencies and create more opportunities for companies to tap into the country’s thriving startup community at the same time.

The leading service provider also aims to promote the use of blockchain technology and cryptocurrencies in the UAE while playing a key role in the Web 3.0 movement in the country.

Binance Pay eliminates transaction fees and delays

Binance Pay enables secure, borderless, and contactless crypto payments and transfers.

It enables instant money transfers around the world, supports multiple cryptocurrencies, and enables user-to-user transfers, eliminating the delays and fees that come with middle-managed transactions.

Before Virtuzone, Majid Al Futtaim and JA Resorts and Hotels integrated Binance Pay into their systems.

Virtuzone CEO George Hojeige commented:

Our partnership with Binance aims to bring about enhanced synergy between the crypto and start-up industries, with the primary goal of creating a crypto-friendly, technology-centric business environment to facilitate the founding of specialized decentralized finance companies ( DeFi), NFTs. development, blockchain technologies and more.

Nadeem Ladki, Executive Director of Business Development and Strategic Partnerships at Binance stated:

Binance Pay’s ease of use, which can be used anywhere in the world, and top-notch technology and security will be very attractive to the global and local community of startups looking to develop their business outside of the UAE.

Virtuzone Chairman and Co-Founder Neil Petch added:

Partnering with Binance is a sign of our commitment to continue seeking novel solutions that will have a positive effect on the startup community in the UAE while enhancing potential and opportunities for Virtuzone and its clients. Cooperating with a renowned Web 3.0 technology leader like Binance puts us at the forefront of digital transformation in the UAE and the region.