The United Arab Emirates (UAE) is rapidly becoming a Mecca for the crypto industry, not only large crypto firms like Binance havematernal grandmothertheir base to oil-rich countries. But many local businesses are starting to accept crypto as a payment method.
And most recently, it has been said that Binance Pay is accepted at 29 retail outlets, 13 hotels and four communities in the United Arab Emirates. with thankscooperatewith Majid Al Futtaima, a department store in the United Arab Emirates. and major retailers
Majid Al Futtaim has partnered with Binance to use Web3 technology to future-proof the company and benefit millions of clients.
such cooperation We will see the development of digital wallet infrastructure to store digital assets from multiple platforms. as well as integration with Binance Pay, which allows users to shop using digital assets in Majid Al Futtaim locations.
Binance Pay will be the contactless, borderless and secure user gateway built into the Binance app, allowing consumers and traders worldwide to use cryptocurrencies without paying additional fees.
Changpeng Zhao, also known as CZ, CEO and co-founder of Binance, said:
“The integration of Web3 technologies will give customers new ways to engage with brands and provide new ways to pay.”
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