The crypto culture seems to on an expansion in parts of the United Arab Emirates (UAE). Dubai, in recent times, has accelerated its speed heading towards establishing itself as a global crypto hub before others catch the pace. The company aims to be at the forefront of m “revolutionizing the future of real estate” while also adding more options of payments for customers.
In the latest development, Dubai-based real estate developer Damac Properties has decided to accept payments in the form of cryptocurrencies. Bitcoin and Ether, the top two cryptos in terms of valuation, have been declared as accepted payment modes for property purchases.
This concept is really good for the new generations, the future, and the industry. GM of DAMAC and head of the digital organization’s said the information.
Prime Minister of UAE Sheikh Mohammed bin Rashid Al Maktoum signed a new law for virtual assets last March. A local school in Dubai announced that it will accept coins and Ether as payments for tuition.