Huobi and fäm Properties to offer crypto payment methods to real estate investors
Tue, 14 Jan 2020, 07:07 am UTC
fäm Properties, a tech-driven real estate agency, is opening its doors to cryptocurrencies, AME Info reported.
Real estate investors will now have more options when they invest in prime locations in the UAE because one of the real estate agencies is willing to offer crypto payment methods for flexibility. fäm Properties has partnered with cryptocurrency exchange Huobi to secure crypto payment options for real estate investors.
fäm Properties is one of UAE’s leading real estate companies. Just recently, Dubai Land Department (DLD) recognized them for making AED 10 billion sales in the last decade.
Meanwhile, Huobi OTC is licensed by Dubai Multi Commodities Center (DMCC). Under the partnership, Huobi will ensure that fäm Properties’ clients experience a seamless transaction process that is legal and secure. The customers will be assisted at every step until the trade for the property is executed.
With its new crypto payment method, the agency’s clients can buy and sell property using different cryptocurrencies including Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP), among others. Huobi supports top fiat currencies including Dirhams (AED), US Dollars (USD), Euros (EUR) and Pounds (GBP). More currencies are added constantly.
Feras Al Msaddi, CEO of fäm Properties, is confident about their partnership with Huobi. According to him, their alliance will give their clients huge opportunities. He added that by offering a new payment method, they will make more property transactions and bring more value to the real estate market.
“This cooperation between fäm Properties and Huobi will allow real estate investors to leverage on a well-established and a well-tested smooth framework that provide them with an absolute faultless experience,” Msaddi said of their partnership.
Just recently, Japan’s Financial Services Agency (FSA) announced its plan to limit the leverage in cryptocurrency margin trading to twice the deposit of traders. FSA came up with the decision based on the price fluctuations and cryptocurrency regulations in Europe and the United States.
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