The Trump Organization is venturing into Dubai’s high-end real estate market with a bold move: accepting cryptocurrency payments for its new $1 billion condo project, Trump Tower Dubai. The modernist community on the site of an airport within a futuristic development will start construction in 2025 and take about five years to complete. Eric Trump, son of U.S. President Donald Trump and Executive Vice President of the Trump Organization, announced the tower will welcome Bitcoin and other digital currencies for property purchases. ‘This is going to be the first large-scale project that takes Bitcoin to buy units,’ Eric stated. ‘That’s exciting because I love that world and believe in cryptocurrency.’ The condos are expected to be ultra-luxurious, ranging from $1 million to $20 million with penthouses fetching up to $20 million. However, there are no plans for tokenized real estate or blockchain ownership tracking. The focus remains on utilizing crypto as a payment option, while maintaining the traditional real estate model.