Daily Management Review

U.K’s ‘Westbury Investments’ Gives 7% Discount For ‘Cryptocurrency Payments’


06/11/2018


Cryptocurrency payments are gaining popularity among the real estate market, as more and more companies across the globe show an openness to accept payment in the said form.



Westbury Investments is “real estate company” based out of London, which has revealed that from now on it will be accepting payments through cryptocurrencies for real estate investment projects in Dubai.
 
As a result, the investors can make their payments in cryptocurrencies for “buying properties” which feature under the “ongoing projects” of the company with its partnership of the “Samana Developers” which is based out of Dubai.
 
Westbury finds technology involved in blockchain payments are secure and transparent, whereby making the same “an incredibly effective solution in carrying out transactions of this nature”.
 
While, the Chairman of Wastbury Investments, Asim Bhutto stated:
“Many people around the world have invested in cryptocurrencies, and a lot of these people are also regular investors in real estate and properties”.
“So, it makes sense to offer a digital currency as a mode of payment for property buying and investments, providing utility to existing cryptocurrencies.”
 
“Samana Greens”, launched recently, is the fruit of the partnership between Westbury and Samana, which is a community in Dubai’s Arjan. Moreover, Samana also reported that buyers making their payments through cryptocurrencies will receive a discount of 7%.
 
In fact, Bhutto also stated that the company eventually plans on accepting aryptocurrencies payment even for its “real estate and property” projects undertaken in the U.K. Furthermore, many companies from the “real estate and property” sector across the globe have declared their acceptance of “cryptocurrency payments”.
 
Giving an example of September 2017, arabianbusiness.com added:
“the Aston Plaza and Residences in Dubai Science Park announced that off-plan units could be purchased using digital currencies, while MAG Lifestyle Development also announced that it will accept Shariah-compliant cryptocurrencies such as OneGram”.
 
 
References:
arabianbusiness.com







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