Binance and VirtuZone have announced a partnership settlement, paving the way for the use of multiple crypto assets. Could this have a positive impact on Shiba Inu adoption?
Who is VirtuZone?
VirtuZone is a company that finds its origins back in 2009. Its mission is to make it easier for companies from different parts of the world, to set up companies in Dubai. VirtuZone’s mission is to bridge the legal complexities so that business owners, can fully focus on their work. VirtuZone’s activities cover technical, administrative and financial aspects. The company’s owners boast that they are the largest such specialist in the United Arab Emirates. The company’s portfolio totals 60,000 entities, with 90% of them renewing their service license annually.
Currently, VirtuZone has entered into a partnership with Binance. Based on it, the opportunities provided through the Binance Pay service will be used. As a result, it will benefit Shiba Inu (SHIB).
Significant improvement in payment experience
For VirtuZone, the partnership with Binance is an excellent image move. In doing so, it positions the company as a modern and crypto-oriented enterprise. Since Dubai, with the adoption of new regulations, is striving to become a market leader in the development of blockchain projects, interest in the Emirate to locate the company’s headquarters there has increased significantly. Thus, companies located in that geographic area will from now on be able to issue coins that are contained within Binance Pay and account for them in the form of costs. Among them, of course, is, added in August, Shiba Inu (SHIB). We reported on this fact, in an article titled: “Binance Card adds support for Shiba Inu, enabling 60 million merchants to accept SHIB as payment.” Take a look if you haven’t read it yet!
In a world where crypto assets, despite their high volatility, are becoming a payment method, this is an excellent move. Experts predict that this solution will entail significant monetary turnover over time.
The cryptocurrencies themselves will gain the most
Market observers indicate that the partnership between Binance, and VirtuZone, will have the power to take the payment experience to the next level. As a result, cryptocurrencies stand to gain the most. The big winner seems to be Shiba Inu, which, thanks to its popularity, has amassed a huge community. This community, in turn, is eager to trade the funds it holds. Entrepreneurs are well aware of this. Thus positioning themselves as modern companies, they are eager to accept payments in SHIB.