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Huobi in a New Deal With Dubai's Real Estate Firm

Zain Raza by Zain Raza - 12:15 PM Jan 13, 2020
Huobi in a New Deal With Dubai's Real Estate Firm

Digital asset exchange Huobi has launched a new partnership with fam properties, the exchange announced recently. It is a tech-based real estate agency based in Dubai. If reports are to be believed, it is priming on serving secure crypto payments to real estate investors in the UAEWith this deal in place, Bitcoin, Ethereum and Ripple, along with multiple top digital assets will be used to secure payment by real estate investors in UAE.

Huobi is licensed by Dubai Multi-Commodities Centre (DMCC), it safeguards and makes sure that investor’s secure transactions are legal, compliant and free from insecurity. Instant transfers and competitive pricing are also features provided by them. According to the firm, this enhances stability and improve the quality of liquidity in the market sector. Huobi also mentioned that the new partnership would also ease investments for clients in massive locations in the UAE.

 The CEO of fäm Properties Feras Al Msaddi mentioned :
“This partnership with Huobi 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.”
The co-founder, Mohit Davar, also states that the liquidity and resources required to initiate the receiving by clients of the virtual money payments were offered. He went on to add that if someone is on a lookout to buy property, as a payment unit, they’d help facilitate that transactions are safe and smooth, and also sell their cryptocurrency and then make the payment in fiat currency to Fam.

The crypto space belonging to the investment sector is enamoured of this deal between Huobi and Fam, and think this could be a breakthrough and be a boon in the coming years The coming together of 2 such units is a step in the right direction and could help escalate the ease of transactions.

About The Author
Zain Raza

Zain RazaZain is a fervid fan of bitcoin and has been meticulously covering the field for a fair amount of time now. An aficionado of Spider man, Liverpool and Slim Shady.

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