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.
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
Al Monitor: The Pulse of the Middle East
Al-Monitor Staff

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. 

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