Giant Partnership From Huobi!
Giant Partnership From Huobi! Huobi, one of the leading cryptocurrency exchanges, has reached an agreement with one of the leading real estate firms in the United Arab Emirates. Through the deal, property investors will be able to use cryptocurrencies when buying any property.
Buying Real Estate With Cryptocurrencies Has Begun
The Singapore-based cryptocurrency exchange’s deal with technology-focused property firm Properties could actually seriously increase the use of cryptocurrencies. AMEinfo.com Bitcoin (BTC), Ether (ETH), XRP and other leading cryptocurrencies, stablecoins, could be used in line with the partnership, according to a report released on January 12th. The partnership is thought to bring more value and stability to the real estate market.
Dubai-based Properties CEO Feras Al Msaddi said in a statement:
“This partnership will offer our investors the opportunity to invest in the best spots in the UAE. Cryptocurrencies continue to be a popular investment around the world and we have chosen to add this option to diversify trading preferences. We think this will add more value to the property market in our country.”
Huobi is known as an exchange approved by Dubai’s securities regulator DMCC. This allows the famous cryptocurrency exchange to convert the titular currency transactions of the real estate giant into cryptocurrencies and fully comply with the law. In fact, buying and selling real estate with blockchain and cryptocurrency technology was brought up months ago.