Buy apartment dubai bitcoin

The pair expects to make more apartments available for purchase with Bitcoin in the future. Bitcoin is constantly being used as a means of SmartAsset Paid Partner. It has more than quadrupled since the start of the year.

Investing in Cryptocurrency: Is it a good idea?

Price includes 0. Depending on volume and trade type this fee might be lower. Additional fees for payment methods:. Kraken is a globally operating US-based crypto exchange founded in and the world’s largest bitcoin exchange in euro volume and liquidity. It allows users to exchange several cryptocurrencies, including Bitcoin, Litecoin, Ethereum, and others and supports a number of professional trading features, such as margin trading. While the standard service is intended for the broader masses, the Pro branding is targeting professional crypto traders by offering a professional trading interface and lower fees.

Bitcoin fans are being offered first dibs on 150 apartments in a new Dubai development.

Every news bulletin seemed to cover some shocking statistic about the rise of bitcoins. It got to the point where even grandparents wanted to know what this funny virtual gold was all about! Ethereum and Ripple emerged from the shadows of the more popular bitcoin and soon investors joined the discussions. In the UAE, things got interesting when a few developers talked about accepting cryptocurrency in Dubai real estate transactions. Not to be outdone, some landlords too joined the cryptocurrency party. We at Bayut decided to ask UAE residents what they thought about this developing, volatile technology.

Cryptocurrency has been lauded as the economy of the future. Still, others warily watch the market, waiting for the bursting of what they believe is just a bubble. But as investors seek new opportunities, a new development in Dubai is happy to answer the. The developers of Aston Plaza and Residences in Dubai are getting in on the bitcoin craze by giving buyers the opportunity to purchase its first completed apartments with cryptocurrency. However, because the value is based on the dollar, this pricing may fluctuate.

The complex developers see this as an opportunity for Bitcoin aficionados to trade their digital currency into reality. They intend to convert all bitcoins to dollars to mitigate the potential of the crypto tokens losing value.

The new development boasts apartments divided among two towers, each surrounded by a swimming complex, outdoor cinema, and shopping mall in the Dubai Science Park. The project is scheduled for completion in September While the initial offerings are for Bitcoin buyers alone, apartments will be available for purchase with traditional currency beginning this October. But whatever side of the [bit]coin you might be on, one thing is certain: many opportunistic organisations are looking to seize on the trend and transform cryptocurrency into concrete reality.

Read the original article. Tech Revolution. Try Dubai. Want to buy an apartment with Bitcoin? Full Bio. This is where the revolution starts. We scour the internet to buy apartment dubai bitcoin and connect the dots to the latest leadership, innovation and technology trends across Asia. The State of Digital Transformation in India.

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Lingerie tycoon Michelle Mone and her billionaire partner Doug Apartmnt are behind the project and told Business Insider that all 50 of the apartments so far offered in bitcoin have been sold. Share Tweet Send Share. Michelle Mone told Business Insider that there were a «mixture» of buy apartment dubai bitcoin but that «a lot» fit the stereotype of early bitcoin devotees — young male programmers in t-shirts. CNNMoney Sponsors. Buying homes with Bitcoin is becoming more and more common. For updates and exclusive offers enter your email. Currency Converter. I consent to my submitted data being collected and stored.