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.

December 7, 2023 Hyatt Hotels in Dubai Mark Milestones with Sustainability Efforts

Hyatt today underscores its commitment to sustainability across its portfolio of 10 properties in Dubai, showcasing a range of impactful initiatives aimed at promoting environmental responsibility and conservation.

October 30, 2019 Under the patronage of Central Bank of Nigeria Pio-Tech sponsors Finnovex West Africa Summit

Pio-Tech, the leading provider of banking business intelligence and performance management solutions in the Middle East and Africa regions, served as the Silver Sponsor of the leading summit on Financial Services Innovation and Excellence “Finnove...

February 28, 2023 What Namibia can learn from Qatar on Gas Development and Monetization

Namibia will quickly need to learn how to effectively maximize the value of its hydrocarbon resources, and, Namibian Minister of Mines and Energy Tom Alweendo said some of those lessons will come from Qatar. Namibia also has expressed interest in ...

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