The real estate businesses in Colombia, Mexico, Costa Rica, El Salvador, Panama, Argentina, Brazil, and Chile already accept Bitcoin and other cryptocurrencies for purchasing or renting property.
Real estate businesses accept cryptocurrency for the purchase or rental of property.
On Wednesday, La Haus, a proptech company with operations in Mexico and Colombia and throughout Latin America, announced that it will accept Bitcoin to purchase homes and investments in real estate.
According to the company, this is the first digital home-buying process integrated into a seamless process in Latin America. The Lightning network and the OpenNode cryptocurrency payment processor will be available to users.
Real estate transactions involving Bitcoin have been taking place in Latin America since 2014, but what is notable this year is the tremendous expansion of the crypto-driven real estate sector.
BTC investments have recently started to be accepted by real estate companies for home building projects.
According to La Haus, Mexico will soon launch the first fully integrated digital procedure in Latin America, incorporating cryptocurrencies. Kahaal, a premium condominium in Playa del Carmen, will be the venue.
In Colombia and Mexico, the company has developed a variety of real estate projects. He said, “Bitcoin has had a special adoption in Latin America for its convenience and security for making transactions and investments, as well as its ability to solve clear problems in the region such as inflation and the high percentage of people not banked or neglected.”.
The company’s properties with more than 80,000 units will soon be able to accept this payment method. The company plans to increase sales volume, which is currently at $1 billion.
The Argentine e-commerce firm MercadoLibre, which has a presence throughout the area, is another company relying on real estate transactions in BTC. Last April, the company added a real estate segment to its digital marketplace, allowing users to buy and sell homes and other real estate using Bitcoin.
In Argentina, BTC has helped ease the dollar scarcity caused by the government’s exchange control, which was implemented this year in order to limit permanent gains in the US dollar.
Real estate companies viewed cryptocurrency as a way out of the monetary crisis, and they are now offering it to buyers and investors. As a result of the strategy, sales of homes and offices in the South American country did not drop.
“Bitcoin is a method of payment that can be used in conjunction with cash and bank transfers. According to Gabriel Brodsky, CEO of Predial, one of the country’s leading real estate enterprises, iproup.com, this technology allows money to be moved in new ways.
Please share this article with your friends and family if you find it informative!