A British baroness and asset management conglomerate Knox Group have partnered with BitPay to offer luxury Dubai property for Bitcoin.
The three-way venture will see 1,133 apartments on offer by 2019 worth around $330 mln, with the first 150 for sale at a 20 percent discount.
Mirroring ICOs
This represents the first time anyone can purchase property directly from a developer with Bitcoin, an accompanying press release states, and aspects of the sale are deliberately “mirroring” ICO executions.
“I wanted to offer the property, tech and Blockchain community an […] opportunity by merging the property and tech sectors together in a true first for the industry,” Knox Group chairman Douglas Barrowman commented.
“Bitcoin’s meteoric rise in a few short years means it’s now the world’s leading cryptocurrency.” <Read More>