Virtuzone and Binance announced that they will collaborate to drive crypto adoption in the United Arab Emirates (UAE).
According to a press release by the two companies, Virtuezone has partnered with Binance to use the payment gateway to accept crypto for business start-up services across the UAE.
Virtuzone and Binance Partnership Target Crypto Adoption
Virtuzone and Binance said the aim of the partnership is to increase the rate of crypto adoption in the United Arab Emirates (UAE).
Virtuezone serves as an end-to-end business service provider that helps companies entering the UAE market complete requirements from registration to licensing. Virtuezone says that by adding crypto payment options to its system, it aims to help reduce the payment barrier faced by companies looking to establish regional operations.
Nadeem Ladki, director of business development and strategy at Binance, said:
“As a leader in this space, Virtuzone’s decision to accept cryptocurrency payments and integrate Binance payment into their systems raises the bar for innovation. This shows the way forward in starting a business in the UAE.”
Virtuzone also stated that it has a goal to play a vital role in the Web3 movement in the UAE as it works to advance the use of cryptocurrencies and blockchain technologies in all its service offerings.
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