What happened
RAK Properties has partnered with Hubpay to enable the acceptance of cryptocurrency for real estate transactions. This strategic move aims to attract a global demographic of tech-savvy investors and streamline the payment process for international buyers looking to acquire luxury assets in the emirate.
By diversifying its payment gateways to include digital assets, the developer is positioning Ras Al Khaimah as a forward-thinking hub for blockchain integration in the property sector, coinciding with the broader growth of the Al Marjan Island development pipeline.
Summarised originally by the Inside RAK Desk from reporting by The Times of India. Read the original ↗
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