Dubai-Based Shopping Mall and Retail Conglomerate, Majid Al Futtaim Will Now Accept Shiba Inu’s rival Dogecoin (DOGE), Bitcoin (BTC), And Ethereum (ETH) as Payment via Binance Pay.
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 a retail conglomerate Majid Al Futtaim signed a partnership with a blockchain ecosystem and cryptocurrency infrastructure provider, Binance.
Dubai-based shopping mall and retail conglomerate, Majid Al Futtaim partnered with Binance to accept Dogecoin (DOGE) along with other major cryptocurrencies including Bitcoin (BTC) and Ethereum (ETH), as payments in its well-known businesses.
According to the Gulf News report, the signed partnership between both parties will allow MAF to integrate Binance Pay into its business allowing customers to purchase with virtual assets like Bitcoin, Ethereum, and Dogecoin at Majid Al Futtaim’s various destinations.
Apart from this, the retail conglomerate is also intended to work on a multitude of blockchain projects with Binance, including listings of NFTs on Binance’s marketplace and creating a digital wallet infrastructure to hold virtual assets from multiple platforms.
On this event, Majid Al Futtaim CEO Alain Bejjani said:
“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 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.”
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 presently supports over 40 cryptocurrencies including Bitcoin (BTC), Ethereum (ETH), Binance Coin (BNB), Dogecoin (DOGE), Polygon (MATIC), and a few other major cryptocurrencies.
Majid Al Futtaim is a UAE-based shopping mall and retail conglomerate founded in 1992 by Majid Al Futtaim, an Emirati billionaire businessman. Since then, the company has expanded its businesses across 15 international markets, employing over 43,000 people.
The shopping mall portfolio includes Mall of the Emirates, Mall of Egypt, City Centre malls, My City Centre neighborhood centers, and four community malls which are in a joint venture with the Government of Sharjah. 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.
In the United Arab Emirates, Majid Al Futtaim has and operates 29 shopping malls, 13 hotels, and four mixed-use communities, with further developments underway in the region.