Bahrain’s real estate developer Bin Faqeeh has become the latest company to accept Bitcoin and Shiba Inu payments.
Bin Faqeeh said in a recent announcement that its customers can now pay for real estate properties using Bitcoin (BTC) and Shiba Inu (SHIB).
The development comes following Bin Faqeeh’s adoption of Binance Pay, a cryptocurrency payment solution developed by Binance.
Clients who wish to purchase Bin Faqeeh’s properties using SHIB and BTC will be required to use their Binance Pay app to scan a QR code provided by the real estate company. In addition, Bin Faqeeh’s clients will also be required to select the cryptocurrency they want to use to pay for the property and the amount they wish to spend.
Aside from Bitcoin and Shiba Inu, Bin Faqeeh’s clients can purchase properties using other Binance Pay-supported cryptocurrencies. It bears mentioning that Binance Pay supports more than 80 cryptocurrencies, including Ethereum (ETH), Cardano (ADA), Polygon (MATIC), XRP, Litecoin (LTC), Tether (USDT), etc.
Meanwhile, Binance CEO and founder Changpeng Zhao (CZ) also announced the development on Twitter, saying:
“You can now buy apartments or houses using crypto from Bin Faqeeh, a real estate developer in Bahrain.”
You can now buy apartments or houses using crypto from Bin Faqeeh, a real estate developer in Bahrain??. https://t.co/jRBCcw28rV
— CZ ? Binance (@cz_binance) January 26, 2023
Bin Faqeeh is a leading real estate developer in Bahrain, providing luxury apartments for investors and homeowners. The company claims to have more than 30 unique real estate projects.
Bin Faqeeh is one of many Bahrain-based companies to accept crypto payments via the Binance Pay solution. Last month, Binance Pay partnered with Bahraini payment provider EazyPay to allow STC customers to pay their phone bills with cryptos.
Growing Acceptance of Crypto Payments
Notably, the development further confirms the widespread acceptance of Bitcoin and Shiba Inu payments in the real estate industry. In recent times, top real estate companies have partnered with leading cryptocurrency payment providers, including BitPay and Binance Pay, to allow their clients to purchase properties using digital currencies.
In October, TheCryptoBasic reported that two real estate companies, Condos.com and Pacaso, added support for Shiba Inu and Bitcoin payments. As reported, the two real estate brands added support for SHIB and BTC payments after collaborating with leading cryptocurrency payment provider BitPay.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
