Majid Al Futtaim collaborates with Binance

Binance and Majid Al Futtaim – the handshake that confirms the trend of digital applications

Majid Al Futtaim and Binance , a blockchain ecosystem and provider of cryptocurrency infrastructure, have officially signed a strategic partnership. This handshake allows Majid Al Futtaim to tap into technology platforms on Web3. Based on the confirmed partnership, Binance and Majid Al Futtaim will work together on a number of blockchain projects, including NFTs on the Binance market, the process of creating the infrastructure of the e-wallet that helps store virtual assets from a variety of platforms, while integrating both on Binance Pay. This move makes it possible for customers to freely shop with their virtual assets in every area and location under the management and ownership of Majid Al Futtaim. Of course, they still need to follow a few laws and regulations to ensure the transaction is legal, which takes place quickly and neatly. Alain Bejjani, Managing Director at Majid Al Futtaim said: “The pace of technological development is extremely fast, exponentially, and soaring by the hour, every minute as it is today has had a big impact on consumer demand when shopping. They expect to have special experiences on the physical and digital platforms right in their shopping process.” “We are very happy to cooperate with Binance is the global management unit of Web3. Binance really impresses with the opportunity to interact and experience customers on the digital platform. We look forward to working in tandem with them to jointly develop the third generation of web technology, enable the unique values of the web, while breathing new life into the multichannel experience on such a world-class system to our customer community.”

Binance and majid al futtaim support apps

Binance Pay is a gateway that connects users, requires no face-to-face meeting, is borderless, and extremely secure. With this app, buyers and sellers around the world can freely trade in cryptocurrencies without incurring any special processing fees. Besides, Binance NFT also impresses as a multi-network platform, using the PoSA (Proof of Staked Authority) network as an extremely environmentally friendly, energy-efficient cryptocurrency consensus protocol than Bitcoin. Changpeng Zhao ‘CZ’, CEO and co-founder Binance, said: “Majid Al Futtaim is one of the most prestigious and influential businesses in the Middle East region, attracting millions of customers each year. The integration of Web3 technologies will help their customers familiarize themselves with the ways to pay, buy and sell, interact with brands more creatively, more conveniently. Through our partners, we will see how access to innovative approaches in technology is one of the forms that defines how the next digital era will emerge. And to be sure, Majid Al Futtaim has been positioned to be a pioneer in bridging the gap between a common meeting experience and leveraging Web3 in business.” See also: Binance Registration Guide 2022