Trump Tower Dubai to Accept Crypto Payments via Deus X Pay
Deus X Pay, a licensed institutional stablecoin payment solution, is enabling crypto payments for property purchases at the new Trump Tower Dubai. This marks the first Trump International Hotel in the Middle East and a significant step in global luxury real estate.
The $1 billion Trump Tower Dubai, unveiled in partnership with Dar Global, will now accept Bitcoin and other digital currencies for condo sales, announced by Eric Trump, Executive Vice President of the Trump Organisation. Ziad El Chaar, CEO of Dar Global, emphasizes the project's magnitude and symbolic importance, calling it one of the most ambitious Trump-branded residential towers globally.
Deus X Pay, a licensed Virtual Asset Service Provider (VASP) in Lithuania, facilitates this integration by offering stablecoin payment solutions for luxury sectors, including real estate, aviation, and yachting. Richard Crook, CEO of Deus X Pay, noted Dubai's supportive environment for stablecoins, highlighting their role in secure, efficient international transactions. He referenced a Crypto Watch report projecting a 210% surge in crypto adoption in the UAE by 2025.
Crook explained that Dubai's forward-thinking approach is unlocking a new economy, providing premium buyers faster settlements and seamless access to high-value assets. He emphasized that this project marks a defining moment for Deus X Pay and the global real estate sector, enabling instant and compliant transactions without traditional delays.
The Trump Tower Dubai, an 80-story architectural icon, features 2-3 bedroom apartments and 4-bedroom penthouses valued at over AED73 million ($19.8 million). It boasts the world's highest outdoor swimming pool and views of the Burj Khalifa. This move reflects a broader trend in high-end sectors embracing digital assets to future-proof their industries, as seen in private aviation, superyachts, and luxury collectables, according to TradeArabia News Service.