Dubai has been promoting the use of cryptocurrencies. Several Middle Eastern nations were seen embracing the digital asset sector throughout 2022, notwithstanding the bad market. A local university was supporting this effort alongside CZ-led crypto exchange as Dubai strives to be the world’s crypto capital.
A recent tweet claims that Binance is collaborating with Canadian University Dubai to increase the use of cryptocurrencies. The exchange disclosed that it now enables both current and prospective students of the university to pay their tuition using cryptocurrencies. Binance Pay will be used by the Canadian University of Dubai as a payment processor.
The university said,
“CUD is now accepting Crypto as a payment method! Canadian University Dubai (CUD), in collaboration with @binance, have adapted to the transforming digital payment space. Binance Pay is a contactless, borderless, and secure #cryptocurrency payment technology.”
The biggest cryptocurrency exchange in the world also paid a visit to the Canadian University of Dubai on Wednesday. The exchange’s University Tour included this.
The conversation has occasionally strayed into the field of education. Initiatives to promote blockchain and Web 3.0 literacy have been actively funded by the company.
Binance Charity donated around $2.2 million in BUSD to initiatives in France, Senegal, Nigeria, Australia, Germany, Cyprus, Ukraine, South Africa, and Brazil in 2022 to give students the chance to receive free Web 3.0 education. Additionally, Binance Charity and other technical colleges have been working with the exchange’s Academy to develop Web 3.0 materials for these courses.
Binance Coin (BNB) Plunges With Market
BNB fell by 2.45% over the past 24 hours, similar to its peers. The asset’s price at the time of publication was $322.17.
The short-term price chart for BNB indicates that the asset may continue in its current downward trend. The asset is making a valiant effort to overcome $323, a significant amount of resistance. BNB might rise as high as $330 if the asset surpasses this mark.
Additionally, the Relative Strength Index [RSI] indicated that there were more sellers than buyers in the Binance market. As a result, BNB could experience a brief decline.