RAK Properties to Accept Bitcoin and Ether for Real Estate Deals
The post RAK Properties to Accept Bitcoin and Ether for Real Estate Deals appeared on BitcoinEthereumNews.com.
TLDR RAK Properties will begin accepting Bitcoin, Ether, and Tether for international real estate transactions. The company is partnering with Hubpay to convert cryptocurrencies into UAE dirhams for smooth transactions. RAK Properties aims to attract digitally savvy customers through its acceptance of digital assets. The decision reflects the growing adoption of cryptocurrencies in the UAE’s real estate market. The company plans to expand its portfolio with 12 new projects in 2025. RAK Properties, a major real estate company in Ras Al Khaimah, UAE, will soon accept cryptocurrency for international property transactions. The company will begin accepting Bitcoin, Ether, and Tether (USDT) for real estate deals. The initiative comes as the UAE increasingly embraces digital assets in its economy. Bitcoin and Ether Now Accepted by RAK Properties RAK Properties will now accept Bitcoin (BTC) for property transactions. The company joins a growing list of businesses accepting crypto payments. Bitcoin has become a leading cryptocurrency for real estate investments globally. With this move, RAK Properties positions itself at the forefront of the evolving digital asset market. Rahul Jogani, CFO of RAK Properties, expressed, “By enabling and supporting the use of digital assets, we are engaging with a new ecosystem of digitally savvy customers.” This move reflects the company’s strategic push to attract a younger, tech-savvy demographic. Bitcoin’s growing adoption in the real estate sector has encouraged companies like RAK Properties to explore crypto transactions. RAK Properties will also accept Ether (ETH) alongside Bitcoin. Ether, the second-largest cryptocurrency by market capitalization, is gaining popularity in real estate transactions. As part of the new initiative, the company will also accept Tether (USDT), a stablecoin pegged to the US dollar. The introduction of these cryptocurrencies underscores the growing importance of blockchain technology in real estate. With its stable value, Tether offers a secure way for…
