One of the leading providers of corporate and business formation services in UAE, Virtuzone confirmed today that it has developed a strategic partnership with the crypto giant, Binance. Virtuzone is now accepting cryptocurrency payments for businesses set up through Binance Pay.

UAE is one of the biggest crypto markets in the world. Based in Dubai, Virtuzone aims to facilitate the adoption of digital currencies in the region.

Binance Pay has gained popularity in the global payment ecosystem as it facilitates quick and contactless crypto payments. Virtuzone believes that the latest partnership will support entrepreneurs who are planning to set up companies in the region.

Neil Petch, the Chairman and Co-Founder of Virtuzone, said: "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."

UAE’s Crypto Ecosystem

Dubai is home to some of the leading crypto companies in the world. George Hojeige, the CEO of Virtuzone, believes that the collaboration with Binance will build a crypto-friendly and technology-centric business environment in the region.

Nadeem Ladki, the Executive Director of Business Development and Strategic Partnerships at Binance, said: "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. The ease with which to use Binance Pay anywhere in the world, coupled with best-in-class security and technology, will be a huge draw to the local and global startup community looking to build their businesses out of the UAE."

UAE is one of the biggest crypto markets in the world. Based in Dubai, Virtuzone aims to facilitate the adoption of digital currencies in the region.