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Dubai Customs Partners with Binance to Integrate Digital Assets in Trade

Dubai Customs Partners with Binance to Integrate Digital Assets in Trade

Dubai Customs' agreement with Binance introduces Binance Pay and blockchain solutions to enhance efficiency, reduce costs, and expand SMB access to global trade networks.

Summary

Dubai Customs has signed an official agreement with Binance to incorporate cryptocurrency-based payment options into trade and logistics operations. The partnership will utilize Binance Pay and blockchain technologies to improve efficiency, lower operational costs, and modernize access for small and medium-sized businesses to international markets.

Terms & Concepts
  • Binance Pay: A contactless, borderless, and secure cryptocurrency payment technology developed by Binance for instant digital asset transactions.
  • Blockchain Solutions: Technology applications based on a distributed ledger system designed to improve transparency, security, and efficiency in various operations, including trade and logistics.
  • SMB: Small and medium-sized businesses, which form a significant part of global trade and can benefit from innovative payment and logistics solutions.