trump Trump Taward By accepts cryptocurrency payments for apartments priced from $1 million.
Eric Eric Trump says the project will redefine the luxury and price standards for Dubai Real Estate.
Crypto's volatility concerns have been eased with stablecoins, making real estate payments more viable.
The 47-storey Trump Tower in Dubai, scheduled to be completed in 2029, is located on Sheikh Zayed Road and offers a range of purchasing plans, with prices ranging from $1 million for a four-bedroom apartment to $20.4 million for a penthouse.
In particular, in accordance with a statement by EVP Eric Trump, the Trump organization confirmed it would accept cryptocurrency payments for property purchases. Nationala news outlet based in the United Arab Emirates, April 29th.
“The real estate market in Dubai remains absolutely vibrant and we intend to set new standards in terms of price per square foot and market luxury,” Trump said.
Possible to accept cryptocurrency for Trump Taward By payments
Accepting cryptocurrency payments for real estate is nothing new, but such an example that first occurred in 2022 has not been grasped by this particular use case and has reached mainstream appeal. However, developments like those related to Dubai's Trump Tower could help change in the future.
Eric Trump, the organization's executive vice president (EVP), announced the official launch of the project on the X Post on December 11, 2024, and announced a $1 billion investment in Dubai development.
We are incredibly proud to have officially launched a project that has been in progress for months, Trump Tower – Jeddah! Thank you to our partner @dar_global. This will be the fifth project, one of the most luxurious buildings in the world. pic.twitter.com/uzlbrtezg4
– Eric Trump (@erictrump) December 11, 2024
A more mature cryptocurrency ecosystem is in place, and what was once considered a major obstacle to the widespread use of crypto in real estate transactions, especially with the rise of stubcoins, is now a fully-solvable issue.
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