UAE Yacht Maker Gulf Craft Explores Accepting USDT Stablecoin Payments Amid Growing Crypto Adoption
Main Idea
Gulf Craft, a UAE luxury market leader, now accepts USDT and USDC stablecoins through a partnership with ARP Pay, aligning with the UAE's push for crypto adoption and enhancing transactional efficiency.
Key Points
1. Gulf Craft collaborates with ARP Pay to accept USDT and USDC stablecoins, converting them into local or U.S. dollars for transactions.
2. Chairman Mohamed Hussein Alshaali highlights that digital currencies complement the UAE’s maritime legacy and economic policies.
3. The move reflects a broader trend of cryptocurrency integration in the UAE, including sectors like legal fee payments and finance.
4. Accepting stablecoins positions Gulf Craft competitively in the luxury market, where buyers increasingly prefer digital assets.
5. The initiative reinforces the UAE’s role as a forward-thinking financial hub by embracing blockchain-based payments.
Description
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