Emaar Denied Reports of Accepting Cryptocurrency as Payment

Published February 20, 2019 | Updated February 20, 2019

emaar

Emaar Denied Reports of Accepting Cryptocurrency as Payment

This week, reports claimed that the developers of Dubai’s tallest building ‘Burj Khalifa’ is planning to accept the digital currency as payment. And today, the Bloomberg reported that developers ‘Emaar Properties PJSC’ has denied the claims of reports.

Consequently, developers are accepting only national currency ‘UAE’s dirham and US Dollar’ and not any digital currency. As a response to the question, Emaar’s spokesperson clarified that;

“Emaar does not accept payment in digital currency. “Emaar only accepts payment in government-issued currency, primarily in U.A.E. dirham and U.S. dollar.”

This comes as a response to what reports claimed to be true citing email’s snap as well as a Dubai based Twitter user’s tweet. Sources quoting a note from the email and states;

“We are pleased to announce now that all customers will be able to buy Emaar Properties using digital currencies (Bitcoin and Ethereum). “The transaction will happen through one of the biggest brokers of digital currencies in the world ‘Bitcoin Suisse’ who are regulated and based in Switzerland.

A tweet that leaked out the fake information is not available at the moment – moreover, below is the image that claimed to be an email from Emaar developers.

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Tabassum is a full-time content writer at Coingape. Her passion lies in writing and delivering apt information to users. Currently, she does not hold any form of cryptocurrencies. Follow her on Twitter at @Tabassumnaiz and reach out to her at Tabassum[at]coingape.com
Tabassum is a full-time content writer at Coingape. Her passion lies in writing and delivering apt information to users. Currently, she does not hold any form of cryptocurrencies. Follow her on Twitter at @Tabassumnaiz and reach out to her at Tabassum[at]coingape.com
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