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Real Estate Developer Damac Properties Is Officially Accepting Cryptocurrencies For Payments
Real Estate Developer Damac Properties Is Officially Accepting Cryptocurrencies For Payments
Crypto has been the talk and perhaps there will come a day where it will no longer be news to accept it as a form of payment and otherwise, but for now, and in Dubai – it is thriving.
With many establishments, brands and even individual businesses seeking to learn and adapt to the crypto space, even real-estate developer Damac Properties announced that it would sell property and accept cryptocurrencies Bitcoin and Ethereum as forms of payment.
Damac Properties will start accepting Bitcoin and Ethereum
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Damac Properties tweeted that: “The future of real estate is set to be revolutionised”
Coming from its decision to leverage its technology to provide better solutions to customers. The developer is one of the first developers to allow the purchasing of properties using crypto.
In a release by Trade Arabia, Ali Sajwani, the General Manager of Operations at Damac and lead of the organisation’s digital transformation initiatives, said: “Damac Properties has always been at the forefront of innovations from developing luxury homes to creating unique experiences. This move towards customers holding cryptocurrency is one of our initiatives at Damac to accelerate the new economy for newer generations, and for the future of our industry.”
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