Cryptocurrency platform Haven said that customers of UAE real estate developer Nakheel can now pay their rent, service fees and property purchases using cryptocurrencies, after an exclusive partnership with it.

According to a statement by Haven, which was reported by the Emirati newspaper, Al Roya, this is the first time that solutions to buy real estate in cryptocurrency have been activated from a major developer in the UAE.

Cryptocurrency is a $1.8 trillion market, said Christopher Flinus, CEO of Haven. And when you open the market to investors, you will see some investors switching from cryptocurrency to the real estate market in the UAE.