The Trump Organization's $1 billion Dubai tower will accept cryptocurrency payments for luxury residences, further expanding the family's involvement in the digital asset sector. Eric Trump highlighted Dubai as a global investment hub, emphasizing its appeal to international investors. The Trump International Hotel and Tower will feature luxury apartments priced from $1 million to $1.3 million, with penthouses at $20.4 million, and is expected to be completed in five years. This move follows the family's previous crypto ventures, which include NFTs and endorsements of digital assets, amid ongoing discussions in the U.S. regarding crypto regulation. The announcement coincides with growing criticism of Dubai's property market, which has faced scrutiny for potentially facilitating money laundering and hiding illicit funds. Overall, this venture reflects the ongoing trend of integrating cryptocurrency within global real estate markets, as seen in Trump's past projects and achievements in the sector.

Source 🔗