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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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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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LUVED Is A New Curated Preloved Marketplace For The UAE

Sellers keep 100 percent of every sale and AI can build a listing in five seconds — though the app’s smartest tools are still coming.

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luved is a new curated preloved marketplace for the uae

Secondhand shopping has become mainstream in the UAE, but the experience is still scattered across resale sites, social media and informal group chats. LUVED, a mobile-first marketplace that launched in Dubai this month, is betting it can pull that activity into one place — and that the thing buyers and sellers actually want is not more inventory, but trust.

The app trades in what it calls circular luxury: preloved fashion and lifestyle pieces across men’s, women’s and children’s categories, bought, sold or given away peer to peer. Its main pitch is economics, with sellers keeping 100 percent of every sale under a zero-commission, fast payout model, while buyers are promised vetted pieces at lower prices.

Where LUVED is staking its reputation is verification. Sellers pass a KYC check, and items run through a two-layer authentication system powered by Entrupy that pairs instant AI screening with human expert review for high-value pieces. Authenticity certificates travel with each item, payments sit in escrow, and a buyer-protection package the company calls The Safety Net adds a 48-hour return window and dispute resolution. Door-to-door logistics removes the in-person meetups that make most resale deals awkward.

An in-app assistant called Luvbot — offering selling insights and demand-based recommendations — is soon to be introduced to the platform. Other features include autofill and dynamic pricing that lets users build a listing in as little as five seconds from three photos, plus a swipe-based feed, story-style drops and in-app chat in English and Arabic. Finally, a gifting layer, Luved & Gifted, lets users pass items to others inside the app rather than sell them.

Also Read: Logitech’s New Folding Mouse Is Designed For Work On The Go

“After moving to Dubai, I saw how difficult it was to sell or even give things away,” says founder and CEO Shaima Sibtain. The friction is real, and so is the competition. In resale, trust is won transaction by transaction — and that is the test LUVED has set itself.

The app is live on the App Store now, with Google Play to follow. The company also plans to expand across the region, which will be the real test for a marketplace staking everything on trust.

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