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Another Dubai property owner embraces cryptocurrencies

Star Business Centre confirms it will accept such payments for rents and service charges

Gulf News

Dubai: More of Dubai’s real estate players are going the cryptocurrency way.

The Star Business Centre, which operates and leases fitted out offices, confirmed it will accept cryptocurrencies as a mode of payment for services rendered. Its tenants can pay rents and service charges by using digital currency along with the traditional payment systems.

“We have recently been watching the cryptocurrency revolution and that encouraged us to enhance our business capability and align them with our business offering,” said Imran Farooq, CEO of Star Business Centre, which is part of the Samana Group.

Recently, developer MAG confirmed that it will accept the OneGram (which is backed by a gram of gold) from buyers at some of its projects.

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