Virtuzone Becomes the First Company to Accept Bitcoin Payments for Business Setup in the UAE

Posted on January 28, 2021 · 2 min read

Virtuzone Becomes the First Company to Accept Bitcoin Payments for Business Setup in the UAE - Featured Image | MEA Markets
Share this article

By officially receiving Bitcoin as a form of payment, Virtuzone reinforces its position as a leader in business innovation, while making its company incorporation and business support services more accessible, affordable and convenient for entrepreneurs based in the UAE and overseas.

 

The UAE’s leading company formation specialists, Virtuzone, have announced that they now accept Bitcoin payments for business setup, becoming the first company in the industry to accept the world’s most popular and largest cryptocurrency based on market value.

By officially receiving Bitcoin as a form of payment, Virtuzone reinforces its position as a leader in business innovation, while making its company incorporation and business support services more accessible, affordable and convenient for entrepreneurs based in the UAE and overseas.

The strategic move also builds on Virtuzone’s aim to help accelerate the adoption and growth of digital technologies in the country, ultimately positioning the UAE as a borderless business hub.

Globally, Virtuzone is joining renowned companies such as Microsoft, Whole Foods and Home Depot in accepting Bitcoin as payment for their products and services.

Launched in 2009, Bitcoin is one of the most widely used cryptocurrencies in the world, registering more than 300,000 daily transactions in December 2020. Its value has also recently skyrocketed, reaching over USD 40,000 for a time.

“We are always working towards innovating the company formation process to make it easier, more seamless and efficient for entrepreneurs to set up their businesses here in the UAE, whether they are based in the Middle East or anywhere in the world. Accepting Bitcoin as payment is only one of the steps we are taking to continuously revolutionise how business setup is done in the country, adding significant value to our SME community and aiding the local economy,” said George Hojeige, CEO of Virtuzone.

You might also like

Looking for more? Gain deeper insights with these recommended articles, selected to provide further value.

September 7, 2020 Smart Cities Study Sheds Light on Expectations of Citizens and Businesses in World’s Major Urban Centres

The study analyzes survey data from over 7,700 residents and business executives in 19 large cities around the world, including Dubai, UAE to reveal how their priorities differ and align.

December 22, 2020 Al-Awadhi New RVP for Africa and Middle East

The International Air Transport Association (IATA) announced that Kamil H. Al-Awadhi will be appointed IATA’s Regional Vice President for Africa and Middle East (AME), effective 1 March 2021.

November 12, 2019 Zain selects Ericsson for 5G in Bahrain

Spanning Ericsson 5G Radio Access Network (RAN) and 5G Core products and solutions, Zain Bahrain aims to enhance the digital lives of people, enterprises and industries in the country via its 5G network.

Join our newsletter.

Gain Access To Exclusive Content

Stay Updated With The Latest News

It's Free To Subscribe

By signing up, you agree to receive marketing emails.

Join our newsletter box - side image
Trusted by the best teams around the world