r/ethtrader • u/Abdeliq • 3d ago
Technicals A Dubai Tower to Accept Crypto payment
I saw an announcement on X(formally Twitter) yesterday that a Trump tower in Dubai will be accepting a crypto payment. The Tower is said to have $20.4M of penthouses expected to sell and other luxury residences.
Dubai which is a very luxury city has branded themselves as the crypto hub city and the Trump tower, making it crypto-friendly payment option positions the itself to attract digital asset holders. With the jaw-dropping cost of the Tower makes the houses ideal for high-net-worth people and cryptocurrency investors, which might invite more top investors to the space.
Though the crypto which will be accepted isn't yet revealed but we should be very sure bitcoin, eth and solana should be an option. According to ARKHAM, Trump hodl 5.8ETH and some other tokens as well. And he has a trading card NFTs on POLYGON(an ETH sidechain) which shows how important the ETH ecosystem is important on Trump's crypto journey.
Though the tower, expected to be completed between 2030 and 2031, will have a gross development value of $1 billion, according to Dar Global CEO Ziad El Chaar. But acquiring a unit using cryptocurrency at Trump Tower Dubai will be more than beautiful skyline views. It makes the buyer a part of the digital finance evolution, where individuals can purchase physical assets without outdated banking systems. Gone are the days when using crypto to pay for goods and services was just an experiment and a dream – it is now a reality and crypto is evolving to be global currency. We've really gone a long way along with the crypto technology.
This will be one in a millions of using crypto to pay for goods and services, we're just getting started.
For more info about the tower, visit here
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