UAE Luxury Yacht & Shipyard Giant Dives Into Crypto—Now Accepts Bitcoin & Digital Payments
Move over, fiat—UAE's maritime elite just opened the floodgates to crypto.
Mega-yachts meet blockchain
A major Emirati shipbuilder now lets clients pay for multimillion-dollar vessels in Bitcoin, Ethereum, and select stablecoins. No more waiting for SWIFT transfers—just QR codes and on-chain settlements.
Why it matters
Luxury asset markets have been crypto’s white whale. This pivot signals institutional confidence in digital currencies—or at least a savvy play for oligarchs who’d rather hodl than liquidate.
The fine print
Prices still peg to USD, naturally. Volatility risk? ‘Handled’ via instant conversions (read: they’re dumping your crypto faster than a meme coin rug pull).
One more step toward the inevitable: when Lambos *and* superyachts become crypto’s ROI trophies. Just don’t check the charts mid-voyage.
UAE Judicial Department recently accepting crypto for payments
Continuing on the momentum of adopting stablecoins and crypto as a payment method in the UAE, the Abu Dhabi Judicial Department (ADJD) partnered as well with Al Maryah Bank (MBANK) to introduce the use of digital currency for the payment of judicial and legal service fees.
ADJD WOULD be the first governmental entity in the Middle East to accept an AED stablecoin, AE Coin, for payment for court related transactions. AE Coin was the first AED stablecoin to be licensed in the UAE.
Already, Dubai Department of Finance (DOF) , the governmental entity responsible for budget and its execution signed an MOU (Memorandum of Understanding) with UAE regulated Crypto.com to allow crypto payments for governmental fees.
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