UAE's real estate giant starts accepting cryptocurrencies

04/27 14:44

Emirati real estate giant Damac Properties announced Wednesday that it is adding Bitcoin and Ethereum, the two leading cryptocurrencies, as new payment options, Khaleej Times reports. Ali Sajwani, general manager at Damac, says that the Dubai-based company has embraced crypto as part of its digital transformation effort. On top of that, the company will invest roughly 367 million UAE dirhams ($100 million) into its new Metaverse project that aspires to build virtual cities.
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