Dubai’s leading luxury property developer DAMAC Properties has announced it will accept payments in Bitcoin and Ethereum, which it will later convert to fiat.
According to a press release from the company, this decision has been made to provide innovative services to its customers.
DAMAC CEO and Head of Digital Transformation Initiatives Ali Sajwani has said:
“DAMAC Properties has always been at the forefront of innovation, from building luxury homes to unique details. This step towards customers who own cryptocurrencies is one of our initiatives aimed at developing a new economy for new generations.”
The desire of the United Arab Emirates to adopt crypto technologies has attracted the attention of large corporations.
