UAE business setup consultants Virtuzone to accept Bitcoin payments

Virtuzone says it will now accept Bitcoin payments for its business setup services.

Crypto payments will make company incorporation and business support services more accessible, affordable and convenient for entrepreneurs based in the UAE and overseas, the company says.

Globally, Virtuzone joins renowned companies such as Microsoft, Whole Foods and Home Depot in accepting Bitcoin as payment for their products and services.

Read: UAE is 13th best country in the world to launch an online business: study

Launched in 2009, Bitcoin is the most widely used cryptocurrency in the world, registering more than 300,000 daily transactions in December 2020. Its value has also recently skyrocketed, reaching over $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,” said George Hojeige, CEO of Virtuzone.

“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,”