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Fri 29 Nov 2019 02:47 AM

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Dubai developer launches crypto payment option for home buyers

Ellington Properties says it has chosen Bitcoin Suisse as its preferred crypto brokerage provider

Dubai developer launches crypto payment option for home buyers

Ellington Properties has delivered Belgravia, Belgravia II and Somerset Mews – all in central Dubai.

Dubai-based developer Ellington Properties has chosen Bitcoin Suisse (BTCS) as its preferred crypto brokerage provider, adding to the payment options for its base of international customers.

Designed to enhance customer satisfaction, Ellington Properties said customers can now purchase homes in central locations in Dubai using bitcoin with the transaction process to be facilitated by Bitcoin Suisse.

BTCS has helped shape the crypto and blockchain ecosystem in Switzerland, the developer said in a statement.

Paula Wehbeh, head of business strategy at Ellington Properties, said: “As a tech-driven and customer focused company, we move with the market trends to meet the customer aspirations, especially in this era of digital financial engagement. Cryptocurrency is becoming an increasingly popular payment method.

"Enhancing the customer experience through an added payment choice, Bitcoin Suisse will serve as our preferred crypto brokerage provider that will further add to our international property transactions – and in turn bring more value to Dubai’s economy.”

Ellington Properties has delivered Belgravia, Belgravia II and Somerset Mews – all in central Dubai and has another three developments in progress in JVC - Belgravia Square, Belgravia Heights I and Belgravia Heights II.

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