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Cryptocurrency News Articles
Trump Tower Dubai Will Accept Cryptocurrency Payments
Apr 30, 2025 at 11:30 am
The announcement was made by Eric Trump, who confirmed the crypto payment option during a press briefing in Dubai.
Buyers will be able to use cryptocurrency to purchase units at Trump Tower Dubai, the luxury real estate project recently unveiled by the Trump Organization and Dar Global.
The confirmation for crypto payments at the new development was made by Eric Trump during a press briefing in Dubai.
Announced earlier in March, Trump Tower Dubai is currently under construction and will house a Trump-branded hotel, residential apartments, a private clubhouse, and two ultra-luxury penthouses - each priced at Dh75 million ($20.4 million).
Standard apartments are expected to cost between Dh4-5 million, with the project situated at the entrance of Downtown Dubai along Sheikh Zayed Road.
The $1 billion project, which is being developed in partnership with London-listed Dar Global, is expected to be completed within five years.
The Trump Organization is known for accepting cryptocurrency payments at its properties, and the move to offer crypto payment options at Trump Tower Dubai comes as Dubai continues to attract high-net-worth individuals and crypto-native investors.
Positioning itself at the intersection of global finance, real estate, and Web3 innovation, the Emirati city has seen a surge in ultra-luxury home sales and new entrants to the ranks of the millionaires list.
According to Knight Frank, Dubai recorded 111 ultra-luxury home sales (above $10 million) in Q1 2025 alone, with a total value of $1.9 billion. The UAE has also seen over 7000 new millionaires in 2024, further solidifying its place as a global wealth magnet.
The move to accept crypto payments is a strategic one as Dubai seeks to become a leading crypto hub. The government has introduced several initiatives to promote the development of the digital asset industry in the Gulf State.
Earlier this year, the Central Bank of the UAE announced plans to launch a digital currency, highlighting the Emirati city-state's ambition to become a leading player in the realm of central bank digital currencies (CBDCs).
The country's efforts to attract crypto businesses and investors appear to be paying off, with several major crypto firms setting up shop in Dubai in recent years.
The announcement of crypto payment options for Trump Tower Dubai comes ahead of TOKEN2049 Dubai, the leading Web3 and digital asset conference, which is set to take place from April 30.
The 2025 edition of the conference has officially sold out, drawing 15,000 attendees and over 200 global speakers to the Emirati city-state.
The conference will feature a jam-packed agenda with topics ranging from the metaverse and NFTs to defi and the future of Web3.
The lineup of speakers includes some of the biggest names in the crypto industry, such as Binance founder Changpeng "CZ" Zhao, Circle CEO Jeremy Allaire, Tether’s Paolo Ardoino, and Raoul Pal.
Among the confirmed speakers are also Balaji Srinivasan, a former U.S. Treasury official and prominent crypto investor, and Eric Trump, Executive Vice President of the Trump Organization.
The timing of the announcement and the crossover between real estate and crypto finance, come together as legacy capital and tokenized economies are converging, and Dubai is emerging as a key testing ground.
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