Bikeera, a UAE-based cycle store is teaming up with Binance to accept virtual asset payments for the purchase of bicycles, scooters, electric mobility vehicles, gears and services on their website or in their Store in Dubai.
The partnership makes Bikeera the first cycling/mobility firm to offer consumers the option of paying with cryptocurrency and one of the first businesses in the UAE to accept virtual asset payments through Binance Pay.
Binance Pay is a contactless and borderless gateway on the Binance App that allows users and merchants around the world to use cryptocurrencies without incurring special handling fees.
The company says that the goal of the move is to lower GHG emissions, and carbon footprint and improve the health and lifestyle of GCC residents which is set in line with its motive to boost sustainable mobility in the GCC in view of COP28 in the UAE
Anthony Boukather, CEO of Bikeera said “Bikeera aims to provide sustainable mobility alternatives that promote a healthy lifestyle and a better planet. By partnering up with Binance, we are giving more flexibility to customers in terms of payment methods. We are proud to have been selected as one of the first companies in this program and would like to congratulate Binance on their recent announcement about receiving the MVP license from Dubai’s Virtual Asset Regulatory Authority (VARA). This most recent license is an acknowledgement of the compliance and safety processes behind the Binance ecosystem.”
Binance will help with settlements, and the crypto-to-crypto gateway will support a number of different crypto assets, including BNB, Bitcoin, and Ethereum.
With this, Bikeera joins the ranks with companies like Majid Al Futtaim, Virtuzone, Palazzo Versace, EasyPay and others who have integrated Binance Pay into their systems.
Nadeem Ladki, Executive Director of Business Development and Strategic Partnerships at Binance said “Binance is committed to supporting innovative and impact driven businesses such as Bikeera. As a leader in this space, Bikeera’s decision to accept virtual assets payments via Binance Pay empowers the sports community in the UAE and helps with the adoption of more efficient payment methods.”
