The technology-based Emirati real estate company fam will now allow its customers to pay using bitcoin, ethereum and other cryptocurrencies with the help of the Huobi platform.

The real estate company fam noted that this cooperation will help to achieve stability and improve liquidity in the market.

Cryptocurrencies are becoming an increasingly popular method of payment.

is what stated Vera Al-Masadi, CEO of Fam Real Estate, believes that cryptocurrencies are increasingly becoming a popular payment method in several global regions.

He added that this added option will increase their real estate transactions and bring more value to the real estate market in Dubai.

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The company further stated that the new partnership will make it easier for clients to invest in key locations in the UAE.

Huobi is a Singapore-based cryptocurrency exchange with offices in Hong Kong, Japan, the United Arab Emirates and the United States.

Moet Davar, co-founder of Huobi OTC at DMCC, said they have the liquidity and resources to facilitate crypto payments for customers who want to invest in UAE real estate.

He added that if someone wanted to buy a property and use crypto as a payment method, Huobi would help with that by facilitating the transaction, selling the cryptocurrency and making the payment to fám in fiat currency.

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