Credits: Twitter
The future of real estate has arrived, as Nakheel has announced that you can now pay your rent and even buy real estate using cryptocurrency. Rent, service fees, or even picking up your new property can all be paid for using cryptocurrency thanks to Nakheel’s relationship with Hayvn, a worldwide institutional digital currency platform.
The UAE is already a worldwide leader in the crypto and blockchain industries, and this step will further strengthen the country’s standing as a digital powerhouse. Nakheel is the most recent company to enter the cryptocurrency industry, following Damac and fäm Properties, who established the pattern in 2017.
“Cryptocurrency is a $1.8 trillion asset class. When you open up a market to investors who together comprise $1.8 trillion, then you are going to see some investors switch out of crypto and into UAE real estate,” says Christopher Flinos, Hayvn’s CEO. “This is the biggest change to UAE real estate since the Palm Jumeirah was announced. To be working with Nakheel, the original pioneer of Dubai real estate demonstrates the value of our ADGM regulated status.”
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