One of Dubai’s Largest Property Development Companies to Accept Bitcoin and Ethereum

Reading Time: < 1 minute

DAMAC Properties, one of the largest luxury real estate developers in Dubai, has announced it will start accepting cryptocurrencies.

As a result of this, the company’s customers will be able to use Bitcoin and Ethereum as a means of payment.

According to the statement, the move is driven by the company’s desire to use modern technology to provide innovative solutions. AC Properties believes the integration of cryptocurrencies will allow to expand the pool of investor opportunities.

Ali Sajwani, Chief of Operations at DAMAC Properties, has said:

“The transition to accepting cryptocurrencies from customers is one of our initiatives to accelerate the development of the new economy for new generations and the future of our industry. […] Offering yet another way to conduct transactions is exciting and we are delighted to recognize the value of this technology to our clients.”