UAE Yacht Maker Accepts Crypto—But Will It Float?

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Behold, the future of luxury boating! 🚢💰 Through a partnership with a fintech firm that probably sells more crypto than a shady basement dealer, Gulf Craft is now accepting USDT and USDC for yachts, repairs, and upgrades. Because nothing says “I’m rich and confused” like paying for a boat with digital tokens that might as well be a medieval currency. 🤯

Chairman Mohamed Hussein Alshaali claims this is all about “innovation,” which is just a fancy way of saying, “We’re finally catching up to the 2010s.” The company even did a pilot where they settled part of a payment in crypto—because who wouldn’t want to trade a few thousand dollars for a digital receipt that’s 90% likely to crash? 🧠

CEO Erwin Bamps insists this is about staying competitive, which is code for “we’re terrified of millennials who don’t know what a check is.” Meanwhile, the UAE is busy turning everything from court fees to catamarans into crypto playgrounds. Because nothing says “modern economy” like paying your lawyer with a stablecoin that’s only stable if you ignore the fact it’s backed by… well, *something*. 🤷‍♂️

So here’s to the UAE, where the only thing faster than a superyacht is the pace of their crypto adoption. Just don’t expect your yacht to float if the blockchain goes offline. 🌐💥

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2025-07-24 01:27