Dubai Real Estate Giant To Accept Bitcoin As Payment Today

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Dubai, United Arab Emirates-based luxury real estate developer DAMAC Properties will soon begin accepting Bitcoin payments for the sale of property in the region, the company said in a Wednesday statement.

“DAMAC Properties has always been at the forefront of innovations from developing luxury homes to creating unique experiences,” said ALi Sajwani, general manager of operations at the company and lead of its digital transformations initiatives. “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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