UAE’s Virtuzone adds Bitcoin support for business payments

By Rahul Vaimal, Associate Editor
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Virtuzone, UAE-based company formation specialists will become the first organization in its industry to accept the world’s most popular and largest cryptocurrency Bitcoin as service payments for business setup. 

With its latest move to officially accept the most extensively used digital currency across the globe, Virtuzone bolsters its position as a business innovation leader while making its company incorporation and business support services more accessible, affordable and convenient for entrepreneurs in the UAE and overseas.

This strategic move by the leading company formation specialist firm will assist in its quest to accelerate the adoption and growth of digital technologies in the country and ultimately positioning the UAE as a borderless business hub.

Virtuzone will be joining a highly elite group of global firms such as Microsoft, Whole Foods and Home Depot in accepting Bitcoin as payment for their products and services. Recently, leading online payment processor PayPal had extended its support for Bitcoins which allowed users to buy, sell and hold bitcoin and other virtual coins using its online wallets.

Speaking on the occasion, Virtuzone CEO George Hojeige remarked that “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 revolutionize how the business setup is done in the country, adding significant value to our SME community and aiding the local economy.”