Huobi’s New Partnership to help Real Estate Investors in the UAE

You may have heard of Huobi, one of the biggest crypto platforms in the world. Well, it was recently announced that the platform teamed up with the tech-driven real estate agency, fäm Properties in order to offer secure crypto payments to real estate investors in the UAE, according to a recent report from Zawya.

Payment options are on offer with this collaboration with Huobi OTC. These payment options are available to real estate investors utilising the leading cryptocurrency Bitcoin, Ethereum and several other top digital assets.

As per AMBCrypto:

“Licensed by Dubai Multi-Commodities Centre (DMCC), Huobi OTC ensures investors’ secure transactions are legal, compliant and safe, along with the benefits of competitive pricing and instant transfers. This, the firm noted, helps bring stability and improve liquidity in the market. The firm further mentioned that the new partnership would also make it easier for clients to invest in prime locations in the UAE.”

The CEO of fäm Properties, Feras Al Msaddi has made the argument as he stated:

“This partnership will provide our clients with immense opportunities(….) Cryptocurrencies are becoming an increasingly popular payment method, across all world-class cities, and this added choice will increase our property transactions and bring more value to the real estate market here.”

As the co-founder of Huobi OTC, Mohit Davar has highlighted, offered have provided the liquidity and resources needed to make the most of digital money payments to the aforementioned investors. He went onto say, “if someone wants to buy property and use crypto as a payment currency, then we will help facilitate that transaction and sell their cryptocurrency and make the payment to fäm in fiat currency.”

It will be interesting to see how this partnership plays out between the two firms. For more news on this and other crypto updates, keep it with CryptoDaily!