50 apartments in Dubai have been bought using Bitcoin. Lingerie tycoon Michelle Mone and her billionaire partner Doug Barrowman, are the two UK entrepreneurs behind the project. They said all 50 of the apartments offered in Bitcoin have been sold.
Construction has begun at the site, located in Dubai’s Science Park, and it is scheduled for completion in 2020.
Michelle Mone told Business Insider that there were a “mixture” of buyers but that “a lot” fit the stereotype of early Bitcoin devotees — young male programmers in t-shirts.
Mone and Barrowman discussed sales at their Dubai development during an interview to promote their latest project, Equi, a cryptocurrency-powered investment platform.
“I like to see this crypto space being used to buy real-world assets,” Barrowman said. “That’s the spirit of Equi as well. It’s transcending the crypto space into the physical and real world.”
Author: Sara Bauer