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Dubai’s Retail Giant Majid Al Futtaim Now Accepts Crypto After Collaboration With Binance

Dubai's Retail Giant Majid Al Futtaim Now Accepts Crypto After Collaboration With Binance

Famous bitcoin news page “Bitcoin Archive” recently tweeted, sharing the information that in Dubai recently, 29 shopping malls and 13 hotels have started accepting bitcoin. This was done in partnership between Binance and retail giant Majid Al Futtaim Group.

Collaboration of Binance and Majid Al Futtaim

Earlier this week, the Middle East’s largest mall operator, Majid Al Futtaim, announced a strategic alliance with Binance, a worldwide cryptocurrency exchange. The two organizations want to collaborate on a variety of blockchain and crypto initiatives.

A release from Majid Al Futtaim states that Binance Pay has been incorporated into the company’s numerous locations to enable millions of consumers to pay using cryptocurrency in accordance with relevant rules and regulations.

According to the Binance website, more than 40 cryptocurrencies are presently supported by Binance Pay. There are 29 malls across the Middle East and North Africa that belong to the company, including the Mall of Egypt, The Emirates Shopping Center, and the Oman Shopping Center. 175 million people visited its malls in 2021.

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