After Damac, Dubai’s Binghatti Developers to sell property against Bitcoin, Ethereum

Dubai-based Binghatti Developers will sell properties against cryptocurrencies, becoming the second developer in the emirate to accept this new form of payment this year.

“We are going to accept cryptocurrencies — Bitcoin and Ethereum — either this week or the next for both existing and upcoming projects. We are starting with these two cryptos because these are the most widely accepted and we’ll see later whether to expand and add more cryptos,” said Eng. Muhammad Binghatti, CEO of Binghatti Developers.

He said the company will protect its customers through a specific payment process where they will not be exposed to market volatility.

He added a payment link will be sent to customers which will be updated after every ten seconds. Therefore, when the customers will pay in cryptos, the funds will be transferred immediately to the Binghatti account in fiat currency.