The Trump organization will begin to accept the payments of cryptocurrencies for sales of goods in its luxury tower by $ 1 billion in Dubai, increasing its expansion in digital assets and the high-end real estate market in the Gulf region.
In an interview with the National, Eric Trump, son of President Donald Trump, presented Dubai as a leading global investment destination.
“It has become a refuge for so many people,” he said, highlighting the city’s call to investors in Europe, Asia and Africa. “Dubai has really become the epicenter.”
Trump extends the imprint of Dubai with a new luxury tower
The Trump International Hotel and Tower of Dubai, unveiled earlier this year, is the last in partnership of the family with Damac Properties based to water.
The project will include a brand hotel, luxury residences, a private clubhouse, and what is presented as the highest swimming pool in the world. The completion is expected within five years.
Tower apartments start at around $ 1 million, with three and four bedroom units.
Two penthouses are expected to sell for $ 20.4 million each. While the price reflects the ultra-luxury nature of development, the user-friendly payment of crypto positions the project to attract digital asset holders.
Dubai has more and more qualified as an crypto center, to court cryptographic and investors.
However, its real estate market also has a meticulous examination.
Investigations, including a leakage of property archives in 2023, raised concerns about the role of the city in the facilitation of money laundering and the organization of the unlawful capital of sanctioned people and criminal networks.
The draft report on organized crime and corruption (OCCRP) linked Dubai real estate to money laundering, drug trafficking and organized crime operations.
The Dubai tower is the last chapter of the Trump family’s growing participation in the crypto.
What started with a Trump brand NFTS line has become a sprawling portfolio that now includes pieces, stablecoins, defi companies and partnerships with cryptographic companies.
Trump Media & Technology Group also launched the idea of joining digital portfolios in its Truth social platform.
Eric Trump recently intensified his presence of crypto, accepting an advisory role in the Japanese firm Metaplanet and appearing at industry events like Token2049 in Dubai, where he should speak alongside the entrepreneur Justin Sun later this week.
Trump’s truth + considers the addition of a cryptographic portfolio and token
As indicated, Trump Media & Technology Group (TMTG), the media company behind Truth Social, weighs the launch of a utility token and a digital portfolio as part of an expansion of its streaming platform, Truth +.
The potential decision was revealed in a letter sent to shareholders by the CEO and president Devin Nunes Tuesday, before the meeting of the annual shareholders of the company.
According to Nunes, the proposed utility token would be part of a reward program and could initially be used to pay the subscriptions to Truth +.
He added that over time, the token can be used in additional services in the wider truth ecosystem.
The Dubai tower of $ 1 million from Trump to accept the crypto for sales of goods in New Gulf Push appeared first on Cryptonews.
