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UAE Real Estate Giant RAK Properties Now Accepts Bitcoin and Ethereum to Buy Property


UAE Real Estate Giant RAK Properties Now Accepts Bitcoin and Ethereum to Buy Property

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  • Leading UAE developer RAK Properties will now accept Bitcoin, Ethereum, and USDT for property payments
  • The move is a partnership with fintech firm Hubpay and aligns with the UAE’s Vision 2030 for innovation
  • This is part of a global trend, as major real estate firms in China are also moving into tokenization

The tokenization of real estate just got a massive boost in the United Arab Emirates. RAK Properties, a leading publicly-listed developer in Ras Al Khaimah, is now accepting Bitcoin (BTC), Ethereum (ETH), and Tether (USDT) for property purchases. 

The move is a major signal of real-world crypto adoption and comes as the UAE sees broader integration of crypto payments for things like booking flights.

How Does the RAK Properties Crypto Payment System Work?

The new system is designed to give international investors a seamless way to buy property with crypto while insulating the developer from volatility.

Who is the fintech partner?

RAK Properties has partnere…

The post UAE Real Estate Giant RAK Properties Now Accepts Bitcoin and Ethereum to Buy Property appeared first on Coin Edition.

Read the article at CoinEdition

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