Ali Sajwani Chief Operating Officer of DAMAC Group told al Roeya media outlet in an interview that UAE DAMAC Properties sold 50 million USD worth of properties in crypto since the beginning of 2022. As he explained, “DAMAC started accepting crypto as part of our efforts to enhance our service offering in the digital economy. We want to make it easier for those dealing in crypto such as Bitcoin and Ethereum to purchase properties and pay using both these cryptocurrencies. We have succeeded in selling 50 million USD worth of properties via cryptocurrencies since the beginning of 2022. Payments happen through a third party regulated by Abu Dhabi global market authority, Havyn digital asset exchange. Clients purchase through Havyn and then Havyn transfers the amount to DAMAC’s digital wallet either in USD OR AED as per the exchange rate of Bitcoin or Ethereum at that time. So we don’t take any risk.” He also sheds light on DAMAC’s metaverse strategy. As he explains the strate...