ALBAWABA – The new Trump Tower in Dubai, United Arab Emirates (UAE), has started accepting purchases using Bitcoin, the world’s first decentralized cryptocurrency.
Property at Trump’s Dubai Tower can now be purchased with Bitcoin
The $544 million Trump Tower in Dubai, United Arab Emirates (UAE), is now accepting property purchases through Bitcoin and Deus X Pay, a regulated provider of institutional stablecoin payment solutions.
This move is set to revolutionize the authorization, clearing, and settlement of cryptocurrency transactions in the real estate sector.
The announcement aligns with the US President Donald Trump’s support for cryptocurrencies, as well as the UAE’s broader vision to embrace the digital economy and the growing global adoption of digital assets.
This move is set to revolutionize the authorization, clearing, and settlement of cryptocurrency transactions in the real estate sector. (Shutterstock)
Notably, experts anticipate approximately 200% growth in cryptocurrency usage in the UAE this year, highlighting the country’s increasing interest in blockchain-based solutions.
Richard Crook, CEO of Deus X Pay, stated: “International buyers want fewer delays and more flexibility. With stablecoins, we’re unlocking a new way to pay for luxury property — one that’s faster, cheaper, and fully compliant.”
Trump Tower Dubai Development
Dar Global, a Dubai-based real estate development firm listed on the London Stock Exchange, is the official developer behind Trump Tower Dubai. Construction on the luxury project is expected to begin in the second quarter of 2025.
According to sources, the tower will be located near Sheikh Zayed Road in the broader Downtown Dubai area, placing it in one of the city’s most sought-after districts.
