Virtuzone, a UAE based company formation specialists 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.