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Colorful billionaire’s Dubai real estate firm now accepts BTC and ETH

Summary by Ground News
Dubai-based real estate developer DAMAC Properties has started accepting Bitcoin and Ether. The firm, valued at roughly $2.1 billion, may be looking at crypto as a way to attract some attention. DAMAC reportedly posted net revenues of $816 million in 2021, but overall saw a net loss of $144.6 million.

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CointelegraphCointelegraph
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Colorful billionaire’s Dubai real estate firm now accepts BTC and ETH

DAMAC Properties now accepts crypto for real estate purchases, with the move coming just a couple of months after it hinted at rolling out NFT and Metaverse initiatives.

·New York, United States
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MojifiedMojified

Colorful billionaire’s Dubai real estate firm now accepts BTC and ETH

DAMAC Properties now accepts crypto for real estate purchases, with the move coming just a couple of months after it hinted at rolling out NFT and Metaverse initiatives.

Read Full Article
CryptoPanicCryptoPanic

Colorful billionaire’s Dubai real estate firm now accepts BTC and ETH

“Offering yet another transactional mode is exciting, and we are glad to recognize the value this technology brings to our customers,” said DAMAC Properties’ general manager of operations Ali Sajwani

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Cointelegraph broke the news in New York, United States on Thursday, April 28, 2022.
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