£250 Million Luxury Dubai Property Development Sold in Bitcoin
Lingerie tycoon Michelle Mone and her partner Doug Barrowman today launched a £250 million property development in Dubai which will see hundreds of luxury apartments offered for sale in Bitcoin.
This is the first property complex to be priced in bitcoin (at approximately 28 BTC) and it comes after a time of significant gains in the crypto world and is aimed at traders who would like to realize gains and divest into a stable asset. Bitpay will be acting as the payment processor, CEO Stephen Pair says:
“Bitcoin payments offer a significant leap forward for high-value international payments”