Dubai-Based Shopping Mall and Retail Conglomerate Majid Al Futtaim Now Accepts Bitcoin (BTC) SHIB and Ethereum (ETH) through Binance pay
Majid Al Futtaim, a Dubai-based shopping mall and retail conglomerate, will now accept Dogecoin (DOGE), Bitcoin (BTC), and Ethereum (ETH) as payment via Binance Pay.
Due to a partnership between retail conglomerate Majid Al Futtaim and Binance, a blockchain ecosystem and cryptocurrency infrastructure provider, Shiba Inu’s rival Dogecoin (DOGE), Bitcoin (BTC), and Ethereum (ETH) can now be accepted at 29 shopping malls, 13 hotels, and four mixed-use communities in the United Arab Emirates.
Majid Al Futtaim Now Accepts DOGE As Payment
Majid Al Futtaim, a Dubai-based shopping mall and retail giant, has teamed up with Binance to take Dogecoin (DOGE) as well as other major cryptocurrencies such as Bitcoin (BTC) and Ethereum (ETH) as payment in its well-known businesses.
According to Gulf News, the agreed cooperation will allow MAF to integrate Binance Pay into its operations, allowing customers to make purchases using virtual currencies such as Bitcoin, Ethereum, and Dogecoin at Majid Al Futtaim’s different locations.
Aside from that, the retail conglomerate plans to collaborate with Binance on a number of blockchain projects, including the listing of NFTs on Binance’s marketplace and the development of a digital wallet infrastructure to store virtual assets from numerous platforms.
Alain Bejjani, CEO of Majid Al Futtaim, commented on the event:
“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.”
Alain Bejjani, CEO of Majid Al Futtaim
Changpeng Zhao, CEO, and co-founder of Binance, said
“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.”
What Is Binance Pay?
Binance Pay is a simple and secure method to send cryptocurrency to friends and family with just one tap. The payment platform is a simple and secure method to send cryptocurrency to friends and family with just one tap.
Binance Pay is a zero-fee, secure user-to-user payment gateway on the Binance App that allows users and merchants to pay, send, and receive crypto payments all over the world.
The new Pay feature allows you to transmit cryptocurrency to anyone, including those who do not use Binance Pay. With Binance Pay, users may send cryptocurrency quickly from their phones.
A few more major cryptocurrencies are presently supported via Binance Pay: Bitcoin (BTC), Ethereum (ETH), Binance Coin (BNB), Dogecoin (DOGE), Polygon (MATIC), and a few more.
Information About Majid Al Futtaim
Majid Al Futtaim is a shopping mall and retail corporation based in the United Arab Emirates that was created in 1992 by Majid Al Futtaim, an Emirati billionaire businessman. Since then, the company has grown to employ over 43,000 individuals in 15 different foreign regions.
The retail mall portfolio includes the Mall of the Emirates, Mall of Egypt, City Centre malls, My City Centre neighborhood centers, and four community malls in a joint venture with the Sharjah government.
Carrefour’s sole franchisee in 37 markets across the Middle East, Africa, and Asia, with a portfolio of over 270 shops in 15 countries, is the Company.
Majid Al Futtaim owns and runs 29 shopping malls, 13 hotels, and four mixed-use communities in the United Arab Emirates, with more projects in the pipeline.