Dubai Property Developer Completes Real Estate Deals Worth $50M via Crypto
featured

Dubai Property Developer Completes Real Estate Deals Worth $50M via Crypto

THELOGICALINDIAN - According to an controlling with the Dubaibased DAMAC Properties the absolute acreage development aggregation has already succeeded in absolute absolute acreage deals account 50 actor via cryptocurrencies back the alpha of this year The controlling about says his aggregation is adverse challenges acceptable the earlier bearing decisionmakers to buy into the metaverse nonfungible tokens and cryptocurrencies

Using a Trusted Intermediary

The Dubai-based absolute acreage developer, DAMAC Properties, has back the alpha of the year completed cryptocurrency deals account $50 million, the company’s arch operating administrator (COO) Ali Sajwani has said.

In his animadversion during an interview, the COO said by accepting either bitcoin or ethereum as payment, DAMAC has apparent the admeasurement to which his aggregation will go in adjustment for it to “benefit from the best avant-garde technology solutions.”

When asked about the acquittal apparatus that was acclimated to achieve the absolute acreage deals, the COO said a trusted agent had been called to facilitate the transactions. He said:

Sajwani added that his company’s use of a trusted banking agent agency DAMAC Properties is able to annihilate the amount aberration risk. A altered report has articular the adapted agent acclimated by DAMAC Properties as HAYVN agenda asset exchange.

Impediments to Accessing the Metaverse

Meanwhile, in the aforementioned interview, the COO batten of the challenges or accouterments that his aggregation faces back it comes to accessing the metaverse. According to Sajwani, one of the hurdles adverse proponents of arising technologies accommodate “convincing the old bearing of decision-makers to booty quick and proactive accomplish to advance in this new and alien world.”

Also, back the metaverse, NFTs, and cryptocurrencies are still adequately new, -to-be users charge to become acquainted with these first. According to the COO, this agency decision-makers will accept to do an all-embracing analysis or analysis afore they can alpha investing.

What are your thoughts on this story? Let us apperceive what you anticipate in the comments area below.

Image Credits: Shutterstock, Pixabay, Wiki Commons