Dubai – Mubasher: Emaar Properties on Wednesday denied reports regarding its plans to accept digital-currency payments.

“Emaar only accepts payment in government-issued currency, primarily in UAE dirham and US dollar,” Arabian Business reported, citing a spokesperson for the company said.

Previous reports said that Dubai’s biggest publicly traded developer will accept payment in digital currencies such as Bitcoin and Ethereum through a broker in Switzerland.

By the end of Wednesday’s session, Emaar Properties’ stock jumped 6.24% at AED 4.60.