Crypto exchange heavyweight has reportedly teamed up with a UAE-based real estate agency, to add crypto to the list of payment options for purchasing real estate.
Specifically, Huobi has forged an alliance with fäm Properties, a tech-focused real estate firm from Dubai, in an effort to provide crypto-enabled payment solution for its real estate investors.
The collaboration will help fäm Properties add numerous crypto coins – including Bitcoin (BTC), Ether (ETH), XRP, along with a few stablecoins – to the its list of currently accepted payment options. The team-up will reportedly make the real estate market more stable and liquidized.
Furthermore, the investment process into the UAE will become more simple as the partnership is finalized, and more value will be added to the local market.
“This partnership will provide our clients immense opportunity and the ease of investing in prime locations in the UAE. Cryptocurrencies are becoming an increasingly popular payment method all over the world, and this added choice will increase our property transactions and bring more value to the real estate market here.”
Huobi – which has received required authorization from Dubai Multi Commodities Centre (DMCC) – will be in charge of making sure that all fäm’s customers’ transactions are in compliance with the regulations.