The Canadian University of Dubai has included a number of cryptocurrencies as payment options. Through Binance Pay, students at this university may now pay their tuition with cryptocurrency. The cryptocurrency market has also begun to revive this year thanks to innovative news all around the world.
Binance Pay Strikes a Deal with the Prestigious Canadian University of Dubai
A news release states that relatively new yet prestigious Canadian University of Dubai (CUD) students can pay their tuition in cryptocurrency via Binance Pay. The students of the university may make use of Binance’s payment system, which accepts more than 70 cryptocurrencies. The Canadian University of Dubai is rated as the top university in Dubai by the QS World University Rankings 2022.
Thus, students can utilize cryptocurrencies like BTC, ETH, SHIB, DOGE, DOT, ADA, or even MATIC, among others. Binance also integrated the Shiba Inu (SHIB) cryptocurrency meme into Binance Pay in November of last year. It should be highlighted that the number of massive whale transactions on the networks of Shiba Inu and Cardano has increased. Tether (USDT) and PancakeSwap (CAKE), as well as FC Porto Fan Token (PORTO), have also been included. The news will add to the investments of Binance, and its market share seems like it will rise.
What is the Situation with Binance’s Altcoins?
Significant increases in huge whale transactions have been observed on the Cardano and Shiba Inu cryptocurrency networks. In fact, trades for these assets totaled more than $100,000 a few months ago. The increase coincides with a larger cryptocurrency market rebound. After increasing by more than 40% in a single month, bitcoin experienced its strongest January in ten years.
The total value locked on Cardano’s decentralized financial market has increased by more than twofold since the year’s beginning. In reality, the amount increased from $49 million to $104 million. On the other side, Ethereum whales have been accumulating heavily in Shiba Inu. SHIB coins are present in the top 5000 ETH wallets. The largest non-ETH holding among Ethereum whales, valued at $708,456,318.
This deal between Binance and CUD will surely benefit both parties as Binance continues to rise through the market.
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