Bahrain’s Top Real Estate Developer Accepts Bitcoin and Shiba Inu Payments
- Mridul Srivastava
- January 29, 2023
- Bitcoin, Defi
- 0 Comments
Bin Faqeeh, a real estate developer in Bahrain, is the newest business to accept Shiba Inu and Bitcoin payments. Recently, Bin Faqeeh stated that its clients could now pay for real estate properties using Shiba Inu(SHIB) and Bitcoin (BTC).
Clients must use their Binance Pay app to scan a QR code issued by the real estate company to pay for Bin Faqeeh’s properties with SHIB and BTC. Clients will also need to choose the cryptocurrency they wish to use and the amount they want to spend to purchase the property.
The fact that Binance Pay supports more than 80 cryptocurrencies is noteworthy. Leading Bahraini real estate developer Bin Faqeeh offers investors and homeowners opulent flats. The business asserts to be working on more than 30 distinctive real estates projects.
Bin Faqeeh is one of many businesses in Bahrain that accept cryptocurrency payments using the Binance Pay platform. Customers of STC can now pay their phone bills with cryptocurrency. Thanks to the partnership between Binance Pay and Bahraini payment processor EazyPay from last month.
Increased Acceptance of Cryptocurrency Payments
Notably, the development demonstrates how widely accepted Shiba Inu, and Bitcoin payments are in the real estate sector. Leading cryptocurrency payment processors, such BitPay and Binance Pay, have recently joined with big real estate firms to enable their customers to buy properties using cryptocurrencies.
Two real estate firms, Condos.com and Pacaso, reportedly implemented support for Shiba Inu and Bitcoin payments in October. As previously mentioned, the two real estate firms worked with top cryptocurrency payment service provider BitPay to offer support for SHIB and BTC payments.