[2017-09-07]British Property Developers Now Accepting Bitcoin Payments for Dubai

[tyz]

British Property Developers Now Accepting Bitcoin Payments for Dubai

According to CNBC, British entrepreneurs Michelle Mone and Doug Barrowman have announced the opening of Aston Plaza and Residences in Dubai. The development will span more than 2.4 million square feet split across two 40-storey residential towers. The development will include a mall and be due for completion September 2019.

It is not the first residential property to sell for Bitcoin, however, there is substance in the developers’ claim that it will be the “first major development” to be priced in Bitcoin.

http://bitcoinist.com/british-property-developers-now-accepting-bitcoin-payments-for-dubai-apartments/

[TravelMug]

This is a welcoming news for bitcoin. It will set a precedence on accepting bitcoin as mode of payments for condominium and even residential house in the future. I think Michelle Mone and Doug Barrowman have a lot of bitcoin investment to begin with that is why they have decided to accept bitcoin and they are bullish and think that bitcoin will go up in the future so its a investment out of making money out of money. Very clever on their part. And I'm pretty sure that if this is successful, others will follow as well. Let wait and see how this 'experiment' will turn out.