Dubai's wealthy are crazy about blockchain: How XRP is revolutionizing real estate?
When the oil kingdom meets cryptocurrency, even JPMorgan Chase has to reshuffle! Dubai Land Department has just unveiled its trump card - the world's first sovereign credit-backed real estate tokenization ecosystem, targeting a market size of $16 billion by 2033!
The rise of crypto-oasis
At midnight, the servers in Dubai Blockchain Valley suddenly burst into bright light. Dubai Land Department announced that it would tokenize luxury assets through the XRP ledger:
You can split and own a suite at the Burj Al Arab for $100,000
Global transactions around the clock, transfer efficiency crushes traditional real estate
Rental income is converted into XRP in real time