- The firm’s mission includes spreading and improving crypto’s presence in the UAE.
- Dubai has earned a reputation as a crypto-friendly destination.
Virtuzone has teamed with Binance to accept cryptocurrency for commercial transactions in the United Arab Emirates (UAE). The company’s new goals will be made possible through the use of the Binance Pay service. When it comes to company and business creation services in the United Arab Emirates, Virtuzone is one of the top providers.
The goal of Virtuzone is to assist companies in enabling cryptocurrency payments in order to reduce regulatory and administrative burdens on startups. Further, they want to enhance the possibilities for foreign firms to collaborate with the thriving startup community in the country. The firm’s mission also includes spreading and improving crypto’s presence in the UAE.
Digital Transformation Across UAE
The United Arab Emirates (UAE) has the potential to become a focal point for innovation in the fields of crypto and web3. Particularly, Dubai has earned a reputation as a crypto-friendly destination. The UAE’s crypto rules and business friendliness have attracted an increasing number of crypto-related companies and industry leaders.
Neil Petch, chairman and co-founder of Virtuzone, stated:
“The partnership we have forged with Binance reflects our commitment to continue our pursuit of innovative solutions that will positively impact the UAE startup community, whilst expanding the future possibilities and opportunities for Virtuzone and its clients. 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.”
Binance seems to be in step with events in the United Arab Emirates. Many companies have benefited from Binance Pay’s facilitation of cryptocurrency payments. After deciding to work with Binance Pay, Virtuzone has joined other prominent UAE companies in this endeavour. Majid Al Futtaim and JA Resorts & Hotels are also members of this alliance.
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