Virtuzone Partners With Binance To Enable Cryptocurrency Payments For Business Setup In The UAE

Virtuzone Partners With Binance To Enable Cryptocurrency Payments For Business Setup In The UAE

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UAE-based company formation and business support services provider Virtuzone has partnered with global blockchain ecosystem and cryptocurrency exchange platform Binance to become the first company in the UAE that accepts cryptocurrency payments for business setup purposes. The transactions are set to take place via Binance's payment service feature Binance Pay.

Virtuzone

Nadeem Ladki, Executive Director of Business Development and Strategic Partnerships, Binance, and George Hojeige, CEO, Virtuzone

The announcement comes as part of Virtuzone's continued efforts to reduce barriers to entrepreneurship in the country as well as to create more opportunities for global businesses to tap into the UAE's startup ecosystem. However, with the use of cryptocurrencies and blockchain technologies gaining momentum within the country, Virtuzone also aims to use this partnership to make breakthroughs in the UAE's Web 3.0 initiatives. "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," Neil Petch, co-founder and Chairman of Virtuzone, added.

On his part Virtuzone CEO George Hojeige spoke about the potential impact this partnership could have on the UAE's business ecosystem. ""Our alliance with Binance is