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Compass News
Compass News – 4 Jun 2025
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Cayman Compass
Cryptocurrency taking off in Cayman for aircraft and house sales
Payments in cryptocurrencies through Cayman-based businesses are becoming more common and increasingly used in high-value transactions, experts have said.
The news came after Cayman-registered CoinPayments teamed up with US-based Jetcraft, a specialist in business jet sales, purchases and trades, to use a blockchain-based collaboration for cryptocurrency transactions by clients of the aircraft firm.
Haymond Rankin, Cayman Finance’s associate director for fintech and the virtual currency sector, told the Compass, “Blockchain technology continues to reshape industries around the world and the partnership between CoinPayments and Jetcraft to enable crypto payments in private aviation is a clear example of that shift in action.
