UAE corporate services provider Virtuzone has entered into a strategic partnership with Binance and has accepted cryptocurrency payments via Binance Pay. Through the strategic partnership, Virtuzone also seeks to advance the use of cryptocurrencies and blockchain technologies in the country.
Binance Pay, a proprietary cryptocurrency payment technology designed by Binance, facilitates contactless, borderless and secure cryptocurrency payments and transfers. It supports a number of cryptocurrencies, allows instantaneous money transfers globally and enables user-to-user transfers, thus removing the fees and delays that come with transactions handled by intermediaries or third parties.