Bikeera teams up with Binance Pay to accept virtual payments in the UAE

UAE-based Bikeera 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 alliance makes Bikeera one of the first companies in the UAE to accept virtual asset payments through Binance Pay, and the first cycling/mobility company to offer customers the choice of paying in cryptocurrencies.

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.

Set to boost sustainable mobility in the GCC in view of COP28 in the UAE, Bikeera says the move aims to help reduce GHG emissions, carbon footprint and improve the health and lifestyle of GCC residents.

Settlements will be facilitated by Binance, and the crypto-to-crypto gateway will support various crypto assets such as BNB, Bitcoin and Ethereum.

With this development, Bikeera follows the steps of Majid Al Futtaim, Virtuzone, Palazzo Versace, EasyPay and others as pioneering companies in MENA to have integrated Binance Pay in their systems.

“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,” said Anthony Boukather, CEO of Bikeera.

“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” said Nadeem Ladki, executive director of Business Development and Strategic Partnerships at Binance.

Read: Binance secures MVP licence from Dubai’s Virtual Assets Regulatory Authority