The UAE-based yacht builder has partnered with Bahrain-licensed fintech company ARP Pay to roll out a regulated stable coin payment solution.
Gulf Craft is stepping into the future of finance by offering a new way for clients to pay using cryptocurrency. The UAE-based yacht builder has partnered with Bahrain-licensed fintech company ARP Pay to roll out a regulated stable coin payment solution. That means buyers can now use digital currencies like USDT and USDC to purchase yachts, request services, or even pay for refits.
But don’t worry, this isn’t just about riding the crypto wave. There’s a practical edge too. Payments made in stablecoins are converted into AED or USD, helping reduce costs and making things easier for Gulf Craft’s growing international customer base.
“Our goal has always been to adapt and lead,” says Mohammed Hussein Alshaali, Gulf Craft’s chairman. “The UAE was built on innovation, especially in maritime trade. So accepting regulated digital payments is a natural next step.”
This isn’t just an idea on paper. The company has already tested the system in a real-world transaction, with a portion of a yacht’s price paid through cryptocurrency. The trial helped them gauge how crypto fits into the buying process and fine-tune the experience for future clients.
Group CEO Erwin Bamps explains the motivation behind the move: “Adding a crypto option future-proofs our customer experience. We want to be where the world is heading, not where it used to be.”
Whether someone’s buying a Majesty yacht, a Nomad, or even an Oryx or SilverCAT model, they now have a fast, transparent, and compliant payment method at their fingertips.
This initiative also reflects the UAE’s broader push to become a hub for digital assets and fintech. Gulf Craft’s move aligns with national strategies supporting regulated digital finance, including VARA and the growth of crypto-friendly free zones.
In short? Yacht shopping just got a tech upgrade.
News Source: Asia Pacific Boating
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