Thursday, March 30, 2023
MetaWeb3
Subscribe
  • Home
  • About Us
  • Listings
    • ICO List
    • IDO List
  • Web3 Events
    • Events List
    • Events by Month
    • Web3 Calendar
  • News
  • Blog
    • Blog
    • Press Release
  • Contact
    Home / News / The Binance Pay partnership enables UAE business owners to pay back loans with cryptocurrency
BTC/USD
  • BTC/USD
  • XRP/USD
  • BCH/USD
  • EOS/USD
  • LTC/USD
  • TRX/USD
  • ADA/USD
  • XLM/USD
  • IOT/USD
  • ABC/USD
  • NEO/USD
  • XMR/USD
  • DASH/USD
  • XEM/USD
  • QTUM/USD
  • BCN/USD
  • ICX/USD
  • ZEC/USD
  • LSK/USD
  • IOST/USD
Low
High
Marketcap
News
August 30, 2022 by admin
Share this:
  • Facebook
  • Twitter
  • Google Plus
  • Pinterest
  • Email to a Friend

The Binance Pay partnership enables UAE business owners to pay back loans with cryptocurrency

Virtuzone

Following the integration of Binance Pay, Virtuzone joins the group of well-known companies in the UAE accepting cryptocurrency, like JA Resorts & Hotels and Majid Al Futtaim.

Binance established its footprint among Middle Eastern investors by operating several legally sanctioned businesses in Abu Dhabi, Dubai, and other areas. By collaborating with business lender Virtuzone, Binance has made it possible for new business owners to repay loans with cryptocurrency, with an eye toward the United Arab Emirate’s (UAE) mainstream corporate sector.

After incorporating Binance Pay into its payment gateway, Virtuzone joins the list of well-known companies in the UAE accepting cryptocurrency, including JA Resorts & Hotels and Majid Al Futtaim. The company also wants to lower obstacles to entrepreneurship and assist startup ecosystems by giving businesses the opportunity to repay seed and other forms of funding with cryptocurrencies.

As UAE’s no. 1 company formation specialist, #Virtuzone takes the lead by becoming the first corporate services provider in the country to form a strategic partnership with @binance & accept #crypto payments via #Binance Payhttps://t.co/2fZWbh5uQs@nadeemladki @GeorgyGeorge9 pic.twitter.com/uiZxPAaTXp

— #VIRTUZONE (@Virtuzone_UAE) August 29, 2022

 

Entrepreneurs are searching for sources of finance for new cryptocurrency enterprises in the midst of a protracted bear market, with blockchain venture capital funding declining by over 43% in July. Virtuzone indicated plans to speed up Web3 adoption in the Middle East. In this regard, Richard Teng, CEO of Binance Middle East and North Africa (MENA), said the following in an interview:

“The market that is developing in the UAE around the Web3 industry, thanks to a number of government initiatives, is one that will become a global hub for investors in digital assets.”

Binance anticipates that during the next three decades, the MENA area will experience rapid demographic change. To reach the unexplored market, according to Teng, a regulatory framework for cryptocurrencies and digital assets must be put in place.

Changpeng ‘CZ’ Zhao, the CEO of Binance, has made it clear that he intends to cooperate with the authorities. As a result, the exchange blocked Baking Bad’s Tezos staking reward account “in response to a law enforcement request.”

“Like any other exchange, Binance is compelled to comply with such inquiries.” If you want to challenge the seizure with the agency, there is a procedure for doing so. However, Binance has no control over that procedure; it is handled by the agency, the exchange said, justifying the move.

binancenews
Previous Post
Monkey Ball Crypto Game Play - Monkey League Explained
Next Post
Aada Finance has released its first loan and borrowing app on the Cardano mainnet

Related Posts

Top Crypto Exchanges
News
Top 10 Crypto Exchanges and Platforms for 2023
February 28, 2023 by admin
Tokenizing the Titanic
News
Tokenizing the Titanic: New Partnership Brings Real Artifacts from Wreckage to NFT Market
February 24, 2023 by admin
Hong Kong Crypto Trading
News
Crypto Hub in the Making: Hong Kong Pushes Forward with Plans for Retail Crypto Trading
February 23, 2023 by admin
ICO Calendar
May 16, 2018
CoinLion

Exchange & portfolio management

View All ICOs
Advertisement
Advertisement
Most Read
  • How To Bring Virtual Fashion Into The Mainstream
  • Poppy Playtime NFT and the controversy latest updates
  • Metaverse Summit: The first women-led Web3 conference to take place in Paris
  • What is Cryptocurrency, and how does it work?
  • Crypto Heirloom, Apex Legends - Ultimate Guide
Latest
Top Crypto Exchanges
News
Top 10 Crypto Exchanges and Platforms for 2023
28 February, 2023
Tokenizing the Titanic
News
Tokenizing the Titanic: New Partnership Brings Real Artifacts from Wreckage to NFT Market
24 February, 2023
Hong Kong Crypto Trading
News
Crypto Hub in the Making: Hong Kong Pushes Forward with Plans for Retail Crypto Trading
23 February, 2023
Categories
  • Blockchain
  • Blockchain Game
  • Crypto
  • dApp
  • DeFi
  • Metaverse
  • News
  • NFT
  • PR
Calendar
March 2023
M T W T F S S
 12345
6789101112
13141516171819
20212223242526
2728293031  
« Feb    
MetaWeb3
  • Write for Us
  • Terms & Conditions
  • Privacy Policy
  • Contact
  • Web3 Calendar
About

MetaWeb3.tech is an online media site that focuses on Fintech, digital assets, blockchain technology, Decentralized Finance (Defi), Decentralized Apps (DApps), Metaverse, Crypto Games and other related technologies, covering news, opinions, trends, and informative articles.

Contact Us

Categories
  • Blockchain
  • Blockchain Game
  • Crypto
  • dApp
  • DeFi
  • Metaverse
  • News
  • NFT
  • PR
Newsletter Subscription
Connect With Us
Copyright © 2019 MetaWeb3 Tech. All Rights Reserved.