Bangkok developer Ananda jumps on cryptocurrency bandwagon

An Ideo Q condominium in the Samyan area near Chulalongkorn University. Photo: Ananda Development
An Ideo Q condominium in the Samyan area near Chulalongkorn University. Photo: Ananda Development

One of Bangkok’s top property developers has announced it will now accept cryptocurrency in exchange for its houses and condos.

Ananda Development CEO Chanond Ruangkritya said that the recent growth of cryptocurrencies in a year that’s seen Bitcoin near THB2 million (US$64,000) clued him into interest in the investment trend.

The developer has partnered with Thai cryptocurrency exchange Bitkub to allow customers to use Bitcoin (BTC), Ethereum (ETH), and Tether USD (USDT) to buy their properties, including Ideo and Ashton condos; Unio townhouses and Airi homes.

Those interested must have an account or wallet with Bitkub.

Related

See art you can’t touch and maybe not afford at Bangkok’s debut NFT exhibition

Thailand’s Major Cineplex mines crypto craze by taking Bitcoin for tix

Bit of Bitcoin: Thailand’s plan to tax cryptocurrencies



Reader Interactions

Leave A Reply


BECOME A COCO+ MEMBER

Support local news and join a community of like-minded
“Coconauts” across Southeast Asia and Hong Kong.

Join Now
Coconuts TV
Our latest and greatest original videos
Subscribe on