UAE Residents Can Pay Bitcoin, Ethereum, and Dogecoin to 29 Shopping Malls and 13 Hotels Using Binance Pay

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Major retail conglomerate Majid Al Futtaim recently signed an agreement with the top blockchain and crypto-exchange platform, Binance leading to 29 shopping malls, 13 hotels and four mixed-used communities accepting Bitcoin (BTC), Ethereum (ETH), and Dogecoin (DOGE) as means of payment. 

Binance CEO Changpeng CZ Zhao also confirmed this announcement on his official Twitter page.

According to the Gulf News report, the collaboration between both parties will allow MAF to integrate Binance Pay into its business allowing customers to pay for goods and services with Bitcoin, Ethereum, and Dogecoin at Majid Al Futtaim’s various destinations.

Additionally, MAF also plans to work on multiple blockchain projects with Binance, including listings of NFTs on Binance’s marketplace and creating a digital wallet infrastructure to hold virtual assets from numerous platforms.

Majid Al Futtaim CEO Alain Bejjani addressed the partnership, saying:

“The exponential rate of technology development today is matched only by consumers’ voracious appetite for exceptional customer experiences in both the physical and digital world.”

Changpeng Zhao, CEO of Binance, added:

“Integrating Web3 technologies will give its customers access to innovative new ways to engage with its brands and provide new ways to pay”.

“Through partnerships like these, we will see the innovative use-cases that come to define the next digital era emerge, and Majid Al Futtaim is positioned to become a trailblazer in bridging the gap between physical and Web3 experiences.”

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About Binance Pay

Binance Pay is a secure user-to-user payment gateway on the Binance App that enables users and merchants to pay, send and receive crypto payments around the globe – all with zero fees. 

Binance Pay currently supports over 40 cryptocurrencies, including “ADA, ATOM, AVA, BCH, BNB, BTC, BUSD, CTSI, DASH, DOGE, DOT, EGLD, EOS, ETC, ETH, FIL, FRONT, FTM, GRS, HBAR, IOTX, LINK, LTC, MANA, MATIC, NEO, OM, ONE, PAX, QTUM, STRAX, SXP, TRX, TUSD, UNI, USDC, USDT, VAI, VET, WRX, XLM, XMR, XRP, XTZ, XVS, ZEC, ZIL.”

About Majid Al Futtaim

Majid Al Futtaim is a UAE-based shopping mall and retail conglomerate founded in 1992 by top entrepreneur Majid Al Futtaim. Since its launch, the company has expanded its businesses across 15 international markets with over 43,000 staff.

The shopping mall portfolio includes Mall of the Emirates, Mall of Egypt, City Centre malls, My City Centre neighbourhood centres, and four community malls in a joint venture with the Government of Sharjah. 

In addition, the company is the exclusive franchisee for Carrefour in 37 markets across the Middle East, Africa, and Asia and operates a portfolio of more than 270 outlets in 15 countries.

Majid Al Futtaim owns and operates 29 shopping malls, 13 hotels, and four mixed-use communities in UAE, with further developments underway.

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