Digital asset exchange Huobi, recently announced that it partnered with fäm Properties, a tech-driven real estate agency based in Dubai, intending to offer secure crypto payments to real estate investors in the UAE, according to a report.
Licensed by Dubai Multi-Commodities Centre (DMCC), Huobi OTC ensures investors’ secure transactions are legal, compliant and safe, along with the benefits of competitive pricing and instant transfers. This, the firm noted, helps bring stability and improve liquidity in the market. The firm further mentioned that the new partnership would also make it easier for clients to invest in prime locations in the UAE.
Feras Al Msaddi, CEO of fäm Properties stated,
“This partnership will provide our clients with immense opportunities(….) Cryptocurrencies are becoming an increasingly popular payment method, across all world-class cities, and this added choice will increase our property transactions and bring more value to the real estate market here.”
Mohit Davar, co-founder of Huobi OTC at DMCC also noted that they offered the liquidity and resources required to facilitate virtual money payments to the investors.
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He further stated,
“If someone wants to buy property and use crypto as a payment currency, then we will help facilitate that transaction and sell their cryptocurrency and make the payment to fäm in fiat currency.”