Luxury residential real estate developer from the United Arab Emirates DAMAC Properties announced that it is ready to accept bitcoins and ethers for payment. The details were shared by Ali Sajwani, the company's management representative.

According to him, the development company is going to convert its customers' cryptocurrencies into fiat. In addition, DAMAC Properties will be able to offer wealthy buyers apartments that can only be purchased for bitcoin or ether. Sajwani is confident that in this way the cryptocurrency industry in the country will get the necessary boost.

It is noted that DAMAC Properties will pioneer the sale of luxury housing for cryptocurrency in the United Arab Emirates. The development of this initiative will certainly affect the acceleration of digitalization of the economy of the whole region, Ali Sajwani is sure. He also said that the company, of which he is a part, has always been at the forefront of innovation.

Sajwani concluded that the decision to accept digital currencies as payment will not only benefit the company, but primarily its customers, who value the development of technological progress.