The developer of the Burj Khalifa uses Bitcoin and Ethereum for payments.
The developer of the Burj Khalifa uses Bitcoin and Ethereum for payments.

According to reports, Emaar, the UAE's biggest real estate company, now accepts Bitcoin and Ethereum.
Local news outlet Lovin Dubai reported on the story, citing a screenshot of a circular sent to UAE-based realtors.
Emaar is the master developer of the Burj Khalifa, the world's tallest structure.
Emaar, the biggest real estate business in the United Arab Emirates and the master developer of the world's tallest man-made construction, the Burj Khalifa, has announced that Bitcoin and Ethereum would be accepted as payment methods.
The revelation came from a circular given by Emaar to real estate brokers in the nation, according to local media source Lovin Dubai. Emaar will use Switzerland-based broker Bitcoin Suisse to handle real estate sales in BTC or ETH, according to the article.
Lovin' Dubai is the source.
Emaar, on the other hand, has yet to make a public release verifying this information. Lovin Dubai also got the scoop via Twitter user @CoinzData, who snapped a snapshot of the aforementioned graphic. Interestingly, the message was taken down by @CoinzData for an unclear reason.
Since 2019, there have been rumors that Emaar may accept cryptocurrencies as a viable form of payment for its real estate assets. Emaar quickly debunked the reports, stating that company only takes US dollars or UAE dirhams as payment.
Emaar is the most well-known real estate corporation in the United Arab Emirates. Emaar is noted for developing luxury buildings and communities throughout the nation, in addition to directing the development of the Burj Khalifa.
Dubai also announced the formation of a cryptocurrency regulatory agency earlier this month. The government agency will be known as the Virtual Assets Regulatory Authority (VARA), and it will be in charge of overseeing the issue and trading of cryptocurrency as well as the licensing of exchanges.