DUBAI, UAE — Virtuzone and Binance have formed a partnership, making Virtuzone the first UAE corporate services provider to accept cryptocurrency. Virtuzone accepts cryptocurrency using Binance Pay.
Virtuzone’s intends to lower barriers to entrepreneurship by accepting cryptocurrency payments for company setup. Virtuzone also wants to advance the use of blockchain technologies and cryptocurrency in the UAE. It also hopes to play a key role in the country’s Web3 movement.
“Our alliance with Binance is geared at generating more synergies between the business setup and crypto industries, with an overarching goal of building a crypto-friendly and tech-centric business environment where we can ease the way for the establishment of companies specializing in decentralized finance (DeFi), blockchain technologies, non-fungible token (NFT) development and trading, and more, further establishing the UAE as a pivotal hub for innovation and next-generation technologies,” says George Hojeige, Virtuzone CEO.
Nadeem Ladki, executive director of business development and strategic partnerships at Binance, says Virtuzone’s action “raises the bar for innovation and demonstrates the way forward when it comes to setting up businesses in the UAE. “
JA Resorts and Hotels and Majid Al Futtaim have also integrated Binance into their payment systems.
Virtuzone helps entrepreneurs set up their businesses in the UAE. The company will prepare documentation, set up the business license, and help companies obtain visas for their employees. It offers business setup services in the free zone and on the mainland. The company has 100 staff members who speak 30 languages and is also an end-to-end service provider for various business services.
Virtuzone is part of Virtugroup, a Dubai-based holding company. Next Generation Consulting is also part of Virtugroup.
Binance is a cryptocurrency exchange and blockchain ecosystem provider. It also offers a portfolio of crypto products and offerings, including education, research, and investment. It operates worldwide, except in the United States. In the United States, it does business as Binance USA.
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