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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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Abu Dhabi To Develop $1 Billion eSports Island Facility

Positioned along the picturesque Al Raha beach, the venue is poised to become a focal point for gaming enthusiasts worldwide.

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abu dhabi uae to develop $1 billion esports island facility
True Gamers

Despite the economic slowdown of global eSports, the Middle East has emerged as a beacon of innovation and investment, particularly in infrastructure aimed at attracting top talent. According to a report by BCG, the region’s population exhibits a remarkable fondness for gaming, with over 60% actively participating and some of the highest figures of mobile game downloads in the world.

The latest addition to the UAE’s burgeoning eSports landscape is Abu Dhabi’s ambitious eSports Island project. Positioned between the Al Bandar and Al Dana developments along the picturesque Al Raha beach, the island is poised to become a focal point for esports enthusiasts worldwide.

True Gamers — a key player in the gaming industry — has pledged a substantial investment of $280 million to develop Abu Dhabi’s eSports Island. Upon completion, the project is anticipated to cost a staggering $1 billion.

true gamers esports island details

The island will boast state-of-the-art amenities geared towards training aspiring eSports professionals and hosting international tournaments. The GG Bootcamp, equipped with cutting-edge gaming infrastructure, will provide a comprehensive training facility, dedicated rest areas and even nutrition programs.

At the heart of the eSports Island lies the True Gamers (TG) Arena, envisioned as a premier venue for hosting high-profile competitions with thousands of spectators. Adaptable spaces are designed to cater to various gaming formats and genres, and the arena will also serve as a hub for digital exhibitions and conferences. Additionally, the Digital Tower will offer a collaborative workspace for developers, and the island will host tourists and event goers in 200 rooms with in-built gaming computers.

Also Read: Top 10 Best Video Games Set In The Middle East

Establishing an eSports hub in Abu Dhabi will reinforce the UAE’s position as a global market leader, capitalizing on the region’s growing appetite for gaming. As international tournament organizers increasingly focus on the Middle East, the unveiling of Abu Dhabi’s eSports Island heralds a new era of innovation and growth for the industry.

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