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Virtuzone Partners With Binance For Crypto Payments

Virtuzone, the leading provider of business formation and corporate services in the UAE, has partnered with Binance to accept cryptocurrency payments.

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2 years ago

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virtuzone partners with binance for crypto payments
Virtuzone

Virtuzone has just announced its latest partnership with Binance, the blockchain ecosystem, and crypto infrastructure provider, will make them the first company of their kind in the UAE to accept digital currency payments. The company will soon begin using the Binance Pay platform to forge ahead with its ambitious plans, helping to fuel further growth of the nation’s already buzzing startup scene.

“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 while 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,” says Neil Petch, Chairman, and Co-founder of Virtuzone.

Although Dubai is already making a name for itself as a crypto-friendly startup spot, the Virtuzone and Binance partnership aims to turn the entire UAE into a hub for crypto projects and Web 3.0 development. More and more businesses are relocating to the region each year due to its crypto policies and ease of doing business, and the recent pairing goes hand-in-hand with this trend.

Also Read: 3 Best Cold Storage Wallets For Crypto In 2023

Binance Pay allows borderless, contactless, and secure crypto payments and transfers. The platform will enable companies to accept crypto or regular payments without intermediaries. The list of leading UAE businesses that have integrated Binance into their payment portfolios is currently proliferating, including the likes of JA Resorts & Hotels and Majid Al Futtaim — which now means consumers can use Binance Pay in 29 retail malls and 13 hotels.

The Virtual Asset Regulatory Authority (VARA) of the UAE recently rolled out new regulatory guidelines on virtual asset promotions, marketing, and advertising. Binance intends to create a legal framework that maintains tight security without stifling innovation or economic development.

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UAE Prepares To Launch Two Satellites: Thuraya-2 And MBZ-SAT

HH Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum chaired the first meeting of the Supreme Space Council yesterday.

Published

5 days ago

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December 17, 2024

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uae prepares to launch two satellites thuraya-2 and mbz-sat

HH Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Deputy Prime Minister of the UAE, chaired the first meeting of the Supreme Space Council in Dubai on December 16, 2024. The session highlighted the UAE’s ambitious space plans and took stock of the sector’s economic progress.

The council emphasized the growing role of private companies in advancing space technologies, noting that their contributions are now equal to that of the public sector. Members also praised initiatives like the Space Economic Zones Programme, which are designed to fuel innovation and investment in the space industry.

Discussing the UAE’s space journey, HH Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum remarked, “The national space sector continues to grow and advance, and we take immense pride in the remarkable achievements we have accomplished over the years”.

Sheikh Hamdan also received updates on two upcoming satellite projects: Thuraya-2 and MBZ-SAT. Thuraya-2, developed by Space42, is slated for launch this December. Meanwhile, the MBZ-SAT, created by the Mohammed Bin Rashid Space Centre (MBRSC), will soon follow. MBRSC, a major driver of the UAE National Space Programme, continues to lead the nation’s space-related developments.

Space42 took the opportunity to showcase its advancements, including ongoing collaborations between public and private entities. The company also outlined strategies to promote innovation, boost revenue streams, and create new opportunities for growth in the sector.

Also Read: IBM Opens New Doha Office To Support Qatar’s Digital Growth

The UAE’s current projects build on a growing legacy of space exploration. Back in 2020, the nation made headlines with its Mars mission, successfully sending a probe into the planet’s orbit in 2021. This mission, which is now in its second phase as of June 2024, has been collecting critical data to develop a comprehensive diurnal image of Mars.

The UAE also ventured into lunar exploration with an unmanned mission aimed at studying untouched regions of the Moon’s surface. While the probe ultimately crashed during its landing attempt after communication was lost seconds before touchdown, the effort represented a significant step in the country’s exploration ambitions.

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