Search Al-Monitor

Search

 Newsletters Events
Logo Logo
The Middle Eastʼs leading independent news source since 2012

Search

Bahrain’s CoinMENA to facilitate real estate payments via cryptocurrency

The agreement with Carlton Real Estate only applies to certain coins. Cryptocurrency’s utility is increasing in the Gulf.

Al-Monitor Staff
Al-Monitor Staff
Nov 8, 2022
An illustration picture taken in London shows a gold plated souvenir cryptocurrency Tether (USDT) coin arranged beside a screen displaying a trading chart, May 8, 2022.
An illustration picture taken in London shows a gold plated souvenir cryptocurrency Tether (USDT) coin arranged beside a screen displaying a trading chart, May 8, 2022. — Justin Tallis/AFP via Getty Images

Cryptocurrency owners in Bahrain are now able to buy property using their coins. 

The Bahrain-based crypto platform CoinMENA announced a partnership today with Bahrain’s Carlton Real Estate. Per the agreement, Carlton will accept payments in “stablecoins” cryptocurrencies such as USDT and USDC, according to a press release. 

Subscribe for unlimited access

All news, events, memos, reports, and analysis, and access all 10 of our newsletters. Learn more

$14 monthly or $100 annually ($8.33/month)
Continue
OR

Continue reading this article for free

All news, events, memos, reports, and analysis, and access all 10 of our newsletters. Learn more.

By signing up, you agree to Al-Monitor’s Terms and Conditions and Privacy Policy. Already have an account? Log in