Published 3 years ago • loading... • Updated 3 years ago

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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Mojified

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.

3 years ago

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CryptoPanic

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

3 years ago

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Cointelegraph

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.

3 years ago

Read Full Article

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