Dubai Real Estate Developer to Accept Crypto Payments Amid UAE Push for Crypto Hub Status
Dubai, United Arab Emirates-based luxury real estate developer Damac will soon accept payments in crypto, joining the chorus of firms betting that the UAE will become a global crypto hub.
Damac will accept payments in bitcoin (BTC) and ethereum (ETH), the firm said in a Wednesday press release. The move aims to "accelerate the new economy for newer generations, and for the future of our industry," said Ali Sajwani, who leads Damac's digital transformation initiatives as the general manager of operations.
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