Standing at a monumental and dizzying height of 2716.5 feet, the Burj Khalifa is called the tallest building of the world for a damn good reason!
It is also a whopping three times as tall as the Eiffel Tower! Talk about throwing some shade!
This phenomenal building is not only famous for it’s sheer height but also for the fact that it was built on the principles of super sustainable practices such as the reusing of it’s excess water to irrigate the land around it and also to power the beautiful Dubai Fountain.
Which is why it is no surprise that the company behind this brilliant feat of human potential and progress has now started accepting blockchain powered cryptos, Blockchain and Ethereum as payment for new ventures!
Emaar Properties, which is based in the UAE recently announced this wonderful news via email to their agents and investors. The announcement confirmed that clients from all over the world could now make payments for properties and projects via BTC and ETH.
According to the official email statement the company announced that they “Are pleased to announce now that all customers will be able to buy Emaar Properties using digital currencies (Bitcoin and Ethereum.” As per the company, payments using cryptos will be handled with the aid of Bitcoin Suisse which is a Swiss digital currencies broker.
Although most crypto currencies had a real tough time in the past year and will continue to do so in the coming years due a comparatively slower rate of adoption and acceptance from the world, this is definitely the kind of example in the industry that will help raise adoption levels.
Recently, there has been a lot of talk of how predominantly the rich manipulate the crypto markets to their own benefit and that has led to the spread of a whole lot of FUD (Fear, Uncertainty, Doubt) as they employ tactics such as pump and dumps and sell walls that lessen the credibility of an industry that is already quite misunderstood.
However, with more and more key players stepping into the cryptoverse, things might be changing for the better, especially with a global ambassador such as Emaar Properties which in 2018 alone reaped in around $7 billion in profits and has a huge international portfolio as well. The hope is that the world will start accepting blockchain based enterprises as legitimate businesses and worth the investment!
Here’s to hoping!