UAE RAK Properties begins to accept cryptocurrencies such as Bitcoin

According to Golden Finance, RAKProperties, a listed real estate company in the UAE's Las Hima Emirates, announced that it will begin accepting cryptocurrencies such as Bitcoin, Ethereum and USDT for international real estate transactions. Digital asset transactions will be processed by regional payment platform Hubpay, converted to local fiat currency and recorded. Rahul Jogani, RAK treasurer, said the move is designed to attract new client groups with a strong sense of investment.