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Trump Organization to Accept Cryptocurrency for Dubai Tower Residences

Eric Trump promotes digital assets and luxury real estate in Dubai as plans for a $1 billion tower and a stablecoin on Binance take shape.

Representations of cryptocurrency Bitcoin are seen in this illustration taken November 25, 2024. REUTERS/Dado Ruvic/Illustration/File Photo
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Overview

  • The Trump Organization’s $1 billion Dubai tower will allow cryptocurrency payments for luxury residences, including $20.4 million penthouses.
  • Eric Trump is in Dubai marketing the project and promoting cryptocurrency, with plans to speak at a major crypto conference in the city.
  • World Liberty Financial, managed by Eric and Donald Trump Jr., secured a $25 million token purchase by DWF Labs and plans to launch a U.S. dollar-backed stablecoin on Binance.
  • Talks are underway with Qatari Diar for a potential golf and villa development in Qatar, expanding the Trump family’s Gulf real estate footprint.
  • Eric Trump has criticized traditional banking as outdated, predicting its potential extinction within a decade due to the rise of decentralized finance.