Nakheel accepts crypto payments for rent and real estate purchases in partnership with Hayvn – Arabian Business

Nakheel accepts crypto payments for rent and real estate purchases in partnership with Hayvn – Arabian Business

Nakheel customers can now pay for their rent, service fees, and real estate purchases using cryptocurrency, following an exclusive partnership between the Dubai property giant and Hayvn, which is a global institutional digital currency platform.

This is the first time a regulated UAE real estate cryptocurrency payment solution is in play, Hayvn said in a statement.

The CEO of Hayvn, Christopher Flinos, said: “Cryptocurrency is a $1.8 trillion asset class. When you open up a market to investors who together comprise $1.8 trillion, then you are going to see some investors switch out of crypto and into UAE real estate.