UAE’s Canadian University in Dubai is accepting crypto payments through Binance. In a twitter post the Canadian University Dubai announced that it had collaborated with Binance Pay to offer crypto as a payment method.
According to the post Binance Pay is a contactless secure crypto payment technology.
Students of Canadian University Dubai can use Binance Pay to pay their fees.
According to the QS World University Rankings 2022, Canadian University Dubai is ranked first in Dubai. There are more than 70 supported cryptocurrencies on Binance Pay, including Cardano (ADA), Bitcoin (BTC), Ethereum (ETH) and others.
In February 2023 as well, Bahrain real estate developer Bin Faqeeh Real estate Investment Company announced that clients can buy apartments or houses using cryptocurrencies. Bin Faqeeh will be offering crypto payment services with Bahrain financial service provider EazyPay POS terminals, which is utilizing Binance Pay.
In late January 2023, UAE Emirates Zone Investment Services partnered with Binance Pay, to accept crypto payments from the UAE startup community, small and medium businesses (SMBs), Investors and Entrepreneurs who are planning to set up companies in the region.
In October 2022 in Chainalysis’s blog report, MENA based crypto users received $566 billion worth of cryptocurrency in one year from July 2021 to June 2022. As per the news, this is a 48 percent increase from 2020-2021.
