A recent addition to the list of companies and venues accepting cryptocurrency in Dubai is property developer, Binghatti.
Binghatti Developers will accept Bitcoin and Ethereum as payment for its existing and upcoming projects starting by mid June, according to Muhammad Binghatti, CEO of Binghatti Developers.
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The company plans to protect its customers by using a special payment process, which will ensure it remains secure from any rapid fluctuations in the market.
The company opted for Bitcoin and Ethereum because “these are the most widely accepted and we’ll see later whether to expand and add more cryptos,” said Binghatti.
According to the CEO, the payment link that will be sent to customers will be updated every ten seconds.
This will increase safety for both ends and ensure that payments are transferred immediately to Binghatti Developers.
Earlier, in April, Damac Properties announced that customers could buy its property using cryptocurrency, specifically Bitcoin and Ethereum.
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