RAK Properties to Accept Bitcoin Payments

[Nathrixxx]

A Real Estate Company in UAE named RAK just announced it support for the use of Bitcoin in cryptocurrency for payment https://x.com/BTC_Archive/status/1962624283202445405?t=wauw4vURL9wJJTtAfY8-9Q&s=19

Now over to some of you who were doubting, RAK properties  is into Real Estate and yet understand the future that bitcoin could cause for the perfection needed under a decentralized economy, so if you're there still thinking about what to invest, then know that bitcoin is the perfect solution, more organizations are increasing day by day on bitcoin adoption, try and make a move today to smile at it tomorrow with Bitcoin.

[freedomgo]

Not really direct, since the payment still goes through a third party (Hubpay). The company isn’t actually holding or receiving crypto in their own wallet, so technically they don’t accept it themselves, they just get the converted dirhams in the end.

https://cointelegraph.com/news/uae-rak-properties-accept-bitcoin-cryptos-real-estate

Crypto transactions will be handled by Hubpay, a global payments platform based in the region. Hubpay will convert digital assets into the UAE’s local fiat currency before depositing them into RAK’s accounts.

[bitbollo]

In Italy there is at least one real estate building company in Roma that are accepting bitcoin since 2015. Directly bitcoin and not with a third party.
I haven't heard many promotion nowadays (at that time they get many advertising even in the national newspapers).
Generally speaking I am not suprised at all. Some companies know very well that there is a specific market behind crypto and bitcoin. Even if they can't accept directly, its full of way for exchaing/use an intermediate for this kind of transactions.

[Catenaccio]

A Real Estate Company in UAE named RAK just announced it support for the use of Bitcoin in cryptocurrency for payment

Bitcoin is accepted for real estate deals in the Middle East is not something too new. You perhaps did not know about it but countries in the Middle East actually accepted Bitcoin as one of payment methods for real estates many years ago.

It has started since 2018, 7 years ago, not only in 2025 year.
In 2018, the UAE saw its first sale of properties for bitcoins.

I see your news as positive news because it shows that Bitcoin adoption growth has been expanding more with time.

[EluguHcman]

Generally speaking I am not suprised at all. Some companies know very well that there is a specific market behind crypto and bitcoin. Even if they can't accept directly, its full of way for exchaing/use an intermediate for this kind of transactions.

Well even though they are not holding the funds on Bitcoin neither receiving and managing the digital crypto payments by themselves, the ultimate insight there is that the RAK property company with it highily ranked recognition in the UAE is so far contributed to the promotions of Bitcoin and crypto currencies beyond.
Besides... The use case of Bitcoin is not limited for investment only but facilitation for payments like the regular transactions with the fiats. So, the payment feature could be considered as means to offer Bitcoin and crypto payment provisions for users interests.

So the ideal is to explore on that fact even as a third party have to regulate the transaction system for them. Muchly, the RAT must not be hodlers or custodial to the payment system before they can explore with the system.
Definitely the decision is to employ efficient risk managements such as volatility and security concerns.

[shinratensei_]

Not really direct, since the payment still goes through a third party (Hubpay). The company isn’t actually holding or receiving crypto in their own wallet, so technically they don’t accept it themselves, they just get the converted dirhams in the end.

https://cointelegraph.com/news/uae-rak-properties-accept-bitcoin-cryptos-real-estate

Crypto transactions will be handled by Hubpay, a global payments platform based in the region. Hubpay will convert digital assets into the UAE’s local fiat currency before depositing them into RAK’s accounts.

Expect many company to do it like this.
Other company that said to accept bitcoin also use 3rd party payment gateway. The thing is, these company don't want the complexity. They want cash but also want to cover more userbase. They also don't want complex tax report.

I still think it's a good thing because it increases the transaction on the blockchain and allow bitcoiners to not convert fiat by their own, in other word simplicity.
Eventually once people get used to bitcoin there will be companies that accept bitcoin directly to avoid payment gateway fees.

[CryptoYar]

This great example of growing trend. When large traditional company like real estate developer starts accepting Bitcoin it shows new level of confidence in cryptocurrency. This move proves that Bitcoin is moving not just digital asset and is also becoming practical way to pay for big ticket items. It is showing why many people believe Bitcoin has strong future as global currency. It will be interesting to see if more high value industries follow this trend.