logo
Trump Tower Dubai permits crypto payments via Deus X Pay

Trump Tower Dubai permits crypto payments via Deus X Pay

Trade Arabia21-05-2025

Deus X Pay, a licensed institutional stablecoin payment solution setting new standards across the luxury sectors, is now enabling crypto payments for property purchases at the new Trump Tower Dubai, the first Trump International Hotel to be built in the Middle East.
The new $1 billion Trump Tower Dubai, unveiled through a partnership with London-listed Dar Global, marks a breakthrough in global luxury real estate.
Eric Trump, the Executive Vice President of the Trump Organisation and son of US President Donald Trump, has recently announced that Bitcoin and other digital currencies will be accepted for condo sales.
Ziad El Chaar, CEO of Dar Global, said the Trump Tower Dubai is among the most ambitious Trump-branded residential towers globally, reflecting the project's magnitude, stature, and symbolic significance in the region and internationally.
A licensed Virtual Asset Service Provider (VASP) in Lithuania, Deus X Pay offers institutional stablecoin payment solutions, enabling luxury sectors such as real estate, aviation and yachting to capitalise on this new era of finance.
"Dubai has created an environment where stablecoins can flourish as a practical, secure tool for international transactions (with Crypto Watch reporting that crypto adoption in the UAE is expected to surge 210% in 2025), giving premium buyers faster, frictionless access to high-value assets," remarked Deus X Pay CEO Richard Crook.
"Dubai's forward-thinking stance has unlocked a whole new economy, and the gold standard for transactions for high-value assets. International buyers seek faster settlements, fewer cross-border complications and seamless access to premium developments," explained Crook.
He pointed out that this project was a defining moment - not just for Deus X Pay, but for the global real estate sector.
"We are thrilled to deliver the regulated rails that make it possible for premium property buyers to transact instantly, compliantly and without the traditional delays or friction," he stated.
The Trump Tower Dubai, an 80-story architectural icon, offers the highest international standards for ultra-high-net-worth travellers and long-stay residents.
The exclusive building boasts 2-3 bedroom apartments and 4-bedroom penthouses valued at over AED73 million ($19.8 million), the highest outdoor swimming pool in the world, and has views of the world's tallest building, the Burj Khalifa, said Crook.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Iran Reopens Central And Western Airspace To International Transit Flights After Israel Ceasefire
Iran Reopens Central And Western Airspace To International Transit Flights After Israel Ceasefire

Gulf Insider

time12 hours ago

  • Gulf Insider

Iran Reopens Central And Western Airspace To International Transit Flights After Israel Ceasefire

Iran has reopened its central and western airspace to international transit flights, state-run Nour News reported on Saturday. The move comes days after a ceasefire was reached in the conflict between Iran and Israel, which had severely disrupted regional air traffic and prompted many international airlines to avoid Iranian airspace. Tehran had shut its skies on June 13, following a large-scale bombing campaign by Israel. The closure caused widespread flight diversions across the Middle East. Despite Iran's decision to reopen its airspace, Dubai-based Emirates airline announced on Saturday that it would extend the suspension of its flights to and from Tehran until July 5, citing continued uncertainty in the region. The airline had already faced disruptions earlier in the week, rerouting some flights on June 23 as a precaution. However, Emirates confirmed that its services to Baghdad and Basra in Iraq will resume as scheduled on July 1 and 2, respectively. The recent escalation between Iran and Israel in mid-June led to heightened tensions and intermittent air travel disruptions across the Middle East. While the ceasefire has eased some restrictions, airlines continue to operate with caution in the region.

UAE Flights: Air Arabia Starts Resuming Operations
UAE Flights: Air Arabia Starts Resuming Operations

Gulf Insider

time3 days ago

  • Gulf Insider

UAE Flights: Air Arabia Starts Resuming Operations

Sharjah-based airline Air Arabia confirmed on Wednesday that it has started resuming operations on previously suspended flights. 'As regional airspace continues to open, Air Arabia is gradually resuming operations. Customers are advised to visit to check the latest updates and their flight status. Affected passengers will be notified directly via SMS and email,' the airline said. 'Air Arabia remains fully committed to the safety of our customers and crew, and we appreciate your patience and understanding during this period,' the airline added. In an earlier update, the airline said it had temporarily suspended all flights to and from Iran, Iraq, Russia, Armenia, Georgia and Azerbaijan until June 30. Jordan flights were on hold until June 26. Earlier today, Dubai-based carrier flydubai said it will resume operations to the Syrian capital from June 26, 2025. This move comes as more airspace in the region reopens and restrictions are lifted. The carrier plans to resume its full schedule across the network from July 1, following the completion of all necessary assessments. 'This remains a developing situation, and both flight and network planning are continuously reviewed, with flydubai operating within approved international air corridors and adjusting frequencies as required,' the airline said. In Abu Dhabi, Etihad flights to Tel Aviv, will remain suspended until July 15, the Abu Dhabi-based airline said. Meanwhile, Wizz Air Abu Dhabi has cancelled flights to and from the UAE until June 30, in line with a similar move by Hungarian carrier Wizz Air. Dubai's flagship carrier, Emirates, announced on Tuesday that its regularly scheduled flight operations have fully resumed, experiencing only 'minimal disruptions'. Also read: Qatar Airways CEO Reveals Details Behind Travel Recovery: 151 Disrupted Flights, 20,000 Passengers Diverted Mid-Air, 35,000 Meals for Stranded Passengers

UAE and Pakistan Waive Entry Visas in New Agreement to Boost Bilateral Ties
UAE and Pakistan Waive Entry Visas in New Agreement to Boost Bilateral Ties

Daily Tribune

time4 days ago

  • Daily Tribune

UAE and Pakistan Waive Entry Visas in New Agreement to Boost Bilateral Ties

The United Arab Emirates and Pakistan signed an agreement to waive entry visa requirements for each other's citizens. The landmark deal was part of a wider series of agreements signed during the 12th session of the UAE-Pakistan Joint Ministerial Commission, held in Abu Dhabi. The agreement was signed during a high-level meeting between Sheikh Abdullah bin Zayed Al Nahyan, UAE Deputy Prime Minister and Minister of Foreign Affairs, and Mohammad Ishaq Dar, Pakistan's Deputy Prime Minister and Minister of Foreign Affairs. Both leaders discussed ways to deepen cooperation and explore new opportunities to enhance prosperity for the people of both nations. In addition to the visa exemption, several other significant agreements were signed: A new joint task force will be created to promote UAE investments in key sectors in Pakistan. A collaboration in artificial intelligence and the digital economy was formalized to explore future-focused partnerships in technology. The MoUs were signed by Mohamed Hassan Al Suwaidi, UAE Minister of Investment, along with Tariq Bajwa, Special Assistant to the Prime Minister of Pakistan, and Zarar Hashim Khan, Pakistan's Federal Secretary for IT and Telecommunications. Speaking during the meeting, Ahmed Ali Al Sayegh, who chaired the UAE delegation, emphasized that the growing cooperation reflects the "deep-rooted partnership between the two countries," built on decades of trust since the establishment of diplomatic ties in 1971. Al Sayegh also highlighted the economic strength of the relationship, noting that non-oil trade between the UAE and Pakistan exceeded $8.6 billion in 2024. 'The Joint Ministerial Commission is a testament to our shared vision,' he said, praising Pakistan as a reliable and long-term partner in the region. This latest round of agreements reflects a mutual commitment to stronger political, economic, and technological cooperation between the two nations—creating new pathways for growth, innovation, and people-to-people connectivity.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store