CoinMENA, a crypto asset service provider – category 3 that is regulated and licensed by the Central Bank of Bahrain, has announced a partnership with Carlton Real Estate, a Bahrain-based real estate agency, that allows investors in the Kingdom to purchase real estate property using crypto assets.
Under the partnership, the leading Bahrain-based real estate broker will accept stablecoins like USDT and USDC.
“We are pleased to diversify the payment options for our customers, as we always strive to keep pace with the best modern technologies in terms of management, financing, and brokerage. We are proud to be the first real estate brokerage company in the Kingdom to accept crypto asset transactions for property purchases and other real estate services through our partnership with CoinMENA – the crypto asset service provider licensed by the Central Bank of Bahrain” said Ali Adnan Mahmood, Deputy Managing Director of Carlton Real Estate.
CoinMENA Founders Talal Tabbaa and Dina Sam’an commented in a joint statement, “We are delighted to partner with one of the leading real estate brokerage companies in the Kingdom of Bahrain, Carlton Real Estate, to facilitate transactions via cryptocurrencies. As adoption continues to grow in the region, we see significant opportunities to use cryptocurrencies to purchase real-world assets. Crucially, this partnership also signals to the market that cryptocurrencies are maturing and gaining mainstream acceptance as a viable medium of exchange.
Bahrain has been actively experimenting with crypto and blockchain technology since adopting crypto regulations. In January 2022, The CBB completed a digital payments trial in collaboration with JPMorgan’s blockchain and cryptocurrency unit Onyx.
CoinMENA, The Bahrain-headquartered company, is pioneering a new wave of institutional partnerships in the region, including its latest partnership with Visa to offer a host of exclusive services, including the CoinMENA VISA Card, which can be used at millions of merchants worldwide.