Klickl teams up with IMKAN Properties to enable cryptocurrency payments in UAE real estate market
Klickl, the UAE-based Web3 financial platform, announced a collaboration with IMKAN Properties, an Abu Dhabi-based global real estate master developer, to facilitate property purchases through cryptocurrency.
The collaboration will allow IMKAN to offer its clients the option of converting cryptocurrencies, including Bitcoin, Ethereum, and stablecoins like USDT for use to invest in premium real estate.
The collaboration reflects a growing demand for alternative payment solutions in high-value sectors like real estate, particularly from international investors who seek secure, fast, and flexible options, the company said.
By offering Klickl's cutting-edge cryptocurrency payment processing system, IMKAN aims to provide customers with seamless access to these capabilities, making it easier for them to invest in premium real estate across the UAE.
'Our collaboration with IMKAN aligns with our mission to extend the benefits of Web3 technologies into everyday business transactions,' said Michael Zhao, CEO of Klickl.
'From cross-border remittances to real estate investments, digital currencies offer an unmatched level of convenience, transparency, and efficiency. By supporting IMKAN's customers with both crypto payment acceptance and fiat conversion, we are creating a model that other real estate companies can adopt to attract a new generation of buyers,' he said.
As part of the initiative, the two companies will establish a dedicated task force to oversee the rollout of the offer to use crypto for real estate payments.
This group will focus on optimizing the customer experience and gathering feedback to refine the offering over time.
The long-term vision includes expanding the use of digital finance tools across IMKAN's full range of projects, from luxury residential developments to large-scale commercial properties. 'The UAE is rapidly emerging as a major crypto hub driven by the region's welcoming regulatory environment and its proactive approach to supporting the digital asset sector,' said Suwaidan Al Dhaheri, CEO of IMKAN Properties.
'Together with Klickl, we are helping to ensure that the UAE will remain a leader and not a follower in digital currency proliferation,' he said.
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