The use of cryptocurrency in real estate purchases is becoming increasingly popular.
US Commercial Real Estate Market MyEListing have been integrated With Coinbase to accept Bitcoin payments. The platform will allow users to buy US real estate using both Bitcoin and fiat. It launched on April 20 with the listing of Texas properties and is set to expand to select US states in June.
MyEListing will enable real estate agents to list US commercial and residential properties and accept cash and cryptocurrency payments from anywhere in the world. The platform supports companies such as NAI Global, Colliers, and Cushman & Wakefield. Buyers will be able to complete purchases within one business day through the ASAP (Expedited Buy and Sell) program. With the launch of the software, which is described as a safe and effective way to buy and sell real estate, MyEListing expects to revolutionize the way people invest in real estate. The platform is estimated to reduce transaction times by about 50-fold, on average.
“This initiative will drive innovation in the crypto and real estate industries.” He says Caleb Richter, CEO, MyEListing.com. “The real estate business needs to change. It’s hard enough to buy real estate in your local area, let alone another state or country. With ASAP, anyone, no matter what language they speak or where they are in the world, can buy US real estate using currencies.” encrypted in less than one business day.
This initiative is the result of a partnership between MyEListing, Coinbase Commerce, Millennial Title, and Championship Title. MyEListing provides the listing and data platform, Coinbase Commerce converts buyers’ bitcoins into fiat for sellers while Millennium and Champion titles oversee the work of the title.
My list, with help from #Coinbase Trade, is the first place in the world to buy and sell the United States #Real estate with # encrypt.
👉 https://t.co/sGbiX4nQnY pic.twitter.com/pwERj7LAqv
– MyEListing (MyEListing) April 20, 2023
Using Bitcoin and other cryptocurrency payments in real estate and beyond
The use of cryptocurrency in real estate purchases is becoming increasingly popular. Early this year, Bin Faqeeh, one of Bahrain’s leading real estate developers announce Its customers can pay for real estate using Bitcoin and Shiba Inu. Title Partners of South Florida Inc., Kuper Sotheby’s International Realty, and One Sotheby’s International Realty are also mentioned To close real estate deals paid for using crypto.
Some companies outside of real estate that accept crypto payments include Tesla, PayPal, Starbucks, Twitch, Time Magazine, and AMC.
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Mercy Mutanya is a technology enthusiast, digital marketer, writer, and IT business student. She enjoys reading, writing, crossword puzzles, and watching her favorite TV series.