Virtuzone, a top provider of corporate and business formation services within the UAE, has started a collaboration with Binance (the prominent blockchain ecosystem as well as the provider of crypto infrastructure across the globe) to turn into the earliest firm within the jurisdiction to embrace crypto payments through Binance Pay for business setup.
Virtuzone Collaborates with Binance and Utilized Binance Pay for Payments
By maintaining its prestige via the early crypto adoption, Virtuzone intends to help decrease the restrictions posed to entrepreneurship by providing additional opportunities to worldwide businesses to become a part of the progressive startup community of the country. Via the systematic collaboration, another objective set by Virtuzone is to increase the utilization of blockchain and crypto technologies throughout the locality while playing a significant part in the movement of Web 3.0 within the UAE.
In this way, the platform of Virtuzone will provide facilities for its unique ambitions with this step. It was mentioned by Virtuzon’s CEO, George Hojeige, that the collaboration denotes their determination to keep on moving along their quest for innovative solutions to put a beneficial effect on the startup community of the country while spreading out the possibilities for the future as well as the opportunities for the company and the consumers thereof.
The CEO added that the partnership with a famous frontrunner within the Web 3.0 tech world, like Binance, leads them toward a prominent position in digital transformation as well as the 4th Industrial Revolution which is to take place within the UAE as well as the entire region. He moved on to disclose that having Binance as their partner will provide more interaction between the crypto industries as well as the business ventures.
UAE to be Assisted by Binance in Decentralized and Tech World
As per him, the chief objective in this respect would be to construct a technology-based crypto-favoring business atmosphere offering ease in the creation of the firms dedicated to decentralized finance (DeFi), the trading and development of non-fungible tokens (NFTs), and so on. This would additionally place the UAE at a point where it would turn into a well-known hub that would contain next-generation technologies as well as would be prone to innovation.
The United Arab Emirates is making strides toward achieving its goal of becoming a hub that deals with Web3 and crypto worlds. In particular, Dubai has gained notoriety for its welcoming attitude toward cryptocurrency. In addition to this, a great number of new businesses connected to the cryptocurrency industry are entering the jurisdiction of the United Arab Emirates (UAE) due to the fact that their crypto policies are adequate and the business environment is comfortable.
Binance appears to be an important entity providing its services for UAE-based developments. The service of Binance Pay has assisted several businesses to embrace crypto for payments. Through the partnership in question, Virtuzone has become a part of the chief UAE-based businesses to have utilized Binance. Others in the same vein as Virtuzone include Majid Al Futtaim and Ja Resorts & Hotels.
