Gulf Craft, parent company of the Majesty, Nomad, Oryx and SilverCat brands, has announced that it’s offering a fully regulated crypto-payment solution for yacht and boat purchases, service, and refit works.
Headquartered in the UAE, the shipyard is working with Bahrain-licensed fintech provider ARP Pay, with the payment converting stablecoins such as USDT and USDC into AED or USD. The launch of Gulf Craft’s new offering aligns with UAE’s ambition to become the world’s most crypto-friendly country, supported by VARA regulations, free-zone exchanges and a 24/7 fintech talent pool.
Mohammed Alshaali, Gulf Craft’s co-founder and Chairman, said: “By integrating ARP Pay, Gulf Craft not only meets evolving client preferences but also strengthens the UAE’s reputation for forward-looking manufacturing and financial innovation. The UAE was built on maritime trade and early adoption of new ideas. Embracing regulated digital payments is a natural next step.”
A recent pilot allowed part of a yacht purchase price to be settled in cryptocurrency, cutting transaction costs and improving client satisfaction among international buyers.
Erwin Bamps, Gulf Craft’s Group CEO, said: “Adding a crypto option future-proofs our customer experience. We stay ahead of the curve by adopting technologies that shape tomorrow’s commerce and by tapping into the growing segment of crypto holders who prefer paying with digital assets.
“Whether a client is taking delivery of a Majesty or Nomad yacht or purchasing any boat or power catamaran across our Oryx or SilverCat ranges, they can now transact through a channel that is fast, transparent and fully compliant.”
For more information visit: gulfcraftgroup.com
This article was first seen on YachtStyle.com.
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