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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.



virtuzone partners with binance for crypto payments

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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Yalla!Hub Forms New Partnership With WEE Marketplace

The collaboration will accelerate e-commerce digitalization and allow for speedy deliveries across the Gulf countries.



yalla!hub forms new partnership with wee marketplace

After raising $6 million to expand into Saudi Arabia and Qatar, Yalla!Hub is now set to collaborate with WEE to facilitate the sale of products through both YallaMarket and the WEE marketplace. The companies plan to enhance the GCC e-commerce market using a range of innovative solutions for sales and delivery, presenting new opportunities for Emirati-based and foreign suppliers.

“This collaboration with WEE Marketplace signifies a major step forward in our mission to revolutionize e-commerce through digitalization in the UAE and GCC, making market entry and operations smoother both for customers and businesses. With this partnership, we’re able to extend the reach of brands to a wider audience,” explained Leo Dovbenko, CEO of Yalla!Hub.

wee marketplace delivery driver

Meanwhile, new partner WEE is uniquely positioned in the UAE and already well known for fast delivery services. The company’s WEE Marketplace will soon feature goods from Yalla!Hub on their platform, empowering Dubai shoppers with 1-hour delivery windows and a next-day service across the rest of the Emirates.

“WEE Marketplace and Yalla!Hub are absolute leaders of the UAE fast e-commerce market, and this partnership opens new horizons for brands, allowing them to enter at once both platforms. We choose the brands very carefully, aiming to give the best products to our customers,” said Anastasia Kim, CEO and co-founder of WEE marketplace.

Also Read: Ovasave Empowers Women To Tackle Difficult Fertility Choices

The Emirati e-commerce market has now reached a value of nearly $13 billion and is expected to grow to $20 billion by 2027. Express deliveries account for 5.5% of total merchandise turnover, which currently stands at around $700 million. Among the express delivery categories, cosmetics, pharmaceuticals, flowers, and groceries lead the way.

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