Binghatti Developers of Dubai Will Accept Bitcoin & Ethereum As Means of Payments

Dubai-based company Binghatti Developers will accept cryptocurrencies as a mode of payment in exchange for properties. And it will be the second developer in the emirate which will take other forms of payment this year.

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CEO of Muhammad Binghatti Developers Eng. Muhammad Binghatti said that the company is going to accept bitcoin and ethereum either this week or in the next week. They are now starting with the two most famous cryptos and it will be decided later whether to add some more or not.

Binghatti also told that the company will protect the customers by a specific payment method where there will be zero market volatility.

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According to the CEO, the company is not going to hold cryptos. While receiving the payment, a payment link will be sent to the customers and when they will make payment in crypto , it will be immediately transfer in the fiat money to the bank account of Binghatti.

Adoption of cryptocurrency is increasing rapidly in the UAE. This year, in April, the largest private developer of Emirates, Damac Properties also announced that it will accept Bitcoin and Ethereum in order to sell property.

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Anupama Das

An active reader and follower of news. A budding journalist tries to spread authentic news to people.

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