Bitcoin transactions are being considered as the best payment method by the real estate industry recently.
According to a Wall Street Journal, Claudio Guazzoni de Zanett, a hedge fund manager has put one of his townhomes on the market for $45 million in cryptocurrencies which value around $30 million USD.
Claudio Guazzoni de Zanett says:
“I’m a true believer in these networks, but it’s very volatile. They could be down 60% in two weeks.”
Zannett is the Founder of a cryptocurrency group and has experience in placing bets on high-tech companies. He is currently attaching 40% premium for payments made using Bitcoin versus fiat money to compensate the volatility in Bitcoin [BTC] price for his bets. He is also willing to take Bitcoin, Ethereum or Ripple as of now. Zannett has been investing in various cryptocurrencies and blockchain since 2015.
Bitcoin has flourished in the real estate market across the United States.
A buyer from Colorado has used his Bitcoin profits to invest in his $1.1 million worth home. He mentioned that the transactions were done smoothly and seamlessly and the seller had to be educated about the new technology.
The buyer liquidated his cryptocurrency holdings to balance the fees and taxes and wire transferred it to the seller.
Maria Friscia, a cryptocurrency enthusiast says:
“Can’t put the genie back in the bottle, crypto is it.”
David Harper a cryptocurrency proponent says:
“The surge is coming! #HODL”
The real estate investors are excited about using the blockchain platform as a mode of generating rental income and value appreciation properties.
Latoken [LA], Propy [PRO], Real [REAL], Atlant [ATL] and Rex [REX] are some of the top real estate cryptocurrencies in the market at present.
These cryptocurrencies have gained the attention of many real estate professionals and property investors. They have already started to go high on the market cap rankings as of the reports generated this year.
Most of the cryptocurrencies which are concentrating on real estate are striving to be more advanced in the data marketplace with the help of various blockchain smart contracts. They are also developing global peer to peer rentals and tokenized ownership on blockchain platform.
The post Bitcoin [BTC] and other cryptocurrencies are setting its trend in the real estate platform! appeared first on AMBCrypto.
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