Dubai Real Estate Firm And Huobi Exchange Partner To Allow Investors To Pay In Crypto

    Huobi, one of the major cryptocurrency exchanges, has closed a partnership with a United Arab Emirates (UAE) real estate firm to enable cryptocurrency payments for industry-related investors.

    The firm is called fäm Properties and conducts its activity in Dubai. As soon as its partnership with Huobi will start to take effect, real estate investors will be able to make Bitcoin (BTC), Ripple (XRP), Ethereum (ETH) and other important crypto payments, stablecoins included. This is supposed to bring more liquidity and stability to the real estate market. This is what the real estate firm’s CEO, Feras Al Msaddi, had to say about the partnership:

    “This partnership will provide our clients immense opportunity and the ease of investing in prime locations in the UAE. Cryptocurrencies are becoming an increasingly popular payment method all over the world, and this added choice will increase our property transactions and bring more value to the real estate market here.”

    Huobi Will Make Crypto to Fiat Conversions for the Firm

    Huobi is licensed by the Dubai Multi Commodities Center (DMCC) and will ensure that fäm is conducting legal transactions. One of Huobi OTC at DMCC’s co-founders, Mohit Davar, said the company will provide liquidity for fäm and facilitate its payments made in virtual money. He explained in an interview for that:

    “If someone wants to buy property and use crypto as a payment currency, then we will help facilitate that transaction and sell their cryptocurrency and make the payment to fäm in fiat currency.”

    AMEinfo says Huobi OTC supports fiat currencies like the US dollar, the Euro, the British pound and the UAE dirham.

    UAE’s Real Estate Market Has Been Embracing Blockchain Tech and Digital Assets

    The UAE’s real estate market has been very open to blockchain tech and digital assets. Only in October last year, Emaar Properties, the company that has developed the Burj Khalifa, has released its blockchain-based tokenized system for its most loyal clients and referrals, after it announced it has the intention to release a token and to hold in Europe an initial coin offering.

    Get Free Email Updates!

    *Action* Enter Best Email to Get Trending Crypto News & Bitcoin Market Updates

    I will never give away, trade or sell your email address. You can unsubscribe at any time.

    Oana Ularu
    Oana Ularu
    Curious about what’s going on with all the money in the world, Oana is bringing you the latest news in the crypto world. She’s aware of the fact that you need to know everything that’s happening on the financial scene in order to play the cryptocurrency market, so you can count on her to share with you every little detail on what matters.

    [Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

    [Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer


    Please enter your comment!
    Please enter your name here


    Live Bitcoin Price & Latest BTC Chart News

    Today's Latest Crypto News

    Swiss Private Banking Giant Julius Baer Adds Digital Asset Trading And Crypto Custody Services

    The major Swiss wealth management and private banking group Julius Baer just launched, in partnership with Seba, its new custodial and trading cryptocurrency services. The...

    Iran's Ministry of Industries, Mining, and Trade Grant More Than 1,000 Crypto Miners Licenses

    Iran is regulating crypto miners after a new licensing regime has been introduced by the country’s government. According to an official representative from the Iranian...

    CME Gaps for Bitcoin Price Fill over 95% of the Time: Research

    CME Gaps are popular topics that frequently get talked about in the crypto market, which usually has seen Bitcoin dumping. These Gaps occur because unlike...

    The Upcoming Cut in Bitcoin Supply Means Zero for BTC Price Says, Analyst

    Searches for bitcoin halving on Google Trends on an uptrend “Makes no sense” to discuss if the halving is priced in says economist...

    WEF's New Global Consortium To Focus On Cryptocurrency Governance Framework

    The World Economic Forum (WEF) has announced the creation of a global consortium which will come up with a governance framework for all cryptocurrencies...

    BitcoinExchangeGuide is a hyper-active daily crypto news portal with care in cultivating the cryptocurrency culture with community contributors who help rewrite the bold future of blockchain finance. Subscribe on Google News, see the mission, authors, editorial links policy, investment disclaimer, privacy policy. Got News? Contact us, we are human too. Note: nothing here is financial advice, do your own research thoroughly.