Summary
- RAK Properties said it will officially support Bitcoin (BTC), Ethereum (ETH), Tether (USDT) and other virtual asset payments.
- Payments are processed through Hubpay, and customers' virtual assets are converted into UAE fiat currency before being deposited.
- They said this measure is expected to strengthen accessibility for global investors and ease of transactions.
According to crypto-focused media Cointelegraph on the 1st (local time), RAK Properties, a real estate company listed in Ras Al Khaimah, United Arab Emirates (UAE), said it will officially support virtual asset (cryptocurrency) payments such as Bitcoin (BTC), Ethereum (ETH), and Tether (USDT).
Hubpay will participate in payment processing, and the virtual assets paid by customers will be converted into UAE fiat currency before being deposited into RAK Properties.
The introduction of this payment support is seen as part of a move to expand the use of digital assets in the UAE real estate market.
RAK Properties said it plans to increase accessibility for global investors and enhance ease of transactions through the introduction of virtual asset payments.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
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