Dubai-based real estate company MAG has started accepting XRP token as a payment method.
Users can now buy homes from Keturah Reserve residences using their XRP.
XRP Becomes New Payment Method
MAG, one of the leading real estate companies in the United Arab Emirates, announced the launch of Keturah Reserve, a new luxury residential complex in one of Dubai’s most sought-after areas.
Keturah Reserve will have super houses consisting of villas.
According to the options outlined in Keturah Reserve’s official brochure, users have the ability to pay with XRP, USDT, BTC, ETH, USDC, LTC, BCH, Link, UNI, COMP, CHZ and eight other cryptocurrencies.
Ripple Litigation Continues
The XRP lawsuit between Ripple and the SEC is still ongoing. A Ripple supporter said, “What happens according to the interim decision if Ripple wins a decisive victory in the case and the SEC appeals? Will Ripple be able to operate in the US until the final decision is made?
James Filan answered this question as follows:
“The SEC will want to suspend the decision pending an appeal to the Second Circuit. This means that it will ask the court not to enforce the decision until the appeal is over. This leads to an epic battle between the parties. We have to see if the court will accept that.”