Čvc 27

Now You Can Buy A Texas Mansion With Bitcoin

The sellers for a newly listed mansion in the city of Highland Park, Texas are open to taking Bitcoin for payment. The listing is just another example of a rapidly expanding cryptocurrency real estate market attracting buyers from across the world.


Many industries have been expressing interest in cryptocurrencies, but those in the real estate world are paying particularly close attention. Using digital currencies like Bitcoin in real estate transactions keeps growing in popularity even as the cryptocurrency market has hit rough waters in 2018.

Neeraj Agarwal of Coin Center, a cryptocurrency focused think tank, says digital currency are a good tool to carry out real estate transactions with since they are a way to “send large amounts of money pretty easily with relatively low fees and little interference from middlemen.”

A Booming Crypto Real Estate Market

Unsurprisingly, real estate transactions with cryptocurrencies are increasing in number. As of mid-July, a total of 20 homes have been bought with Bitcoin across the globe. Realtor Stephan Burke believes 25-30% of real estate sales will be carried out with cryptocurrency in five years.

One of the newest real estate listings where the seller will take Bitcoin is located in Highland Park, Texas. The 9,281 square foot house is listed at $9,975,000 and comes with five bedrooms, 5.3 baths, a swimming pool, and a underground climate controlled garage with an elevator to the guest suite.

According to Burke, those using Bitcoin to buy and sell real estate are smart people who are able to see the future.

A Flurry of Change For Home Buyers

Ever since Sothby’s International Reality said in September 2017 they successfully brokered one of the first Bitcoin real estate sales in the United States, the worldwide housing market was forever changed.

A real estate company in Spain sold an apartment in Barcelona for Bitcoin in January, the first time the cryptocurrency was used as legal tender for a real estate transaction in the European country. A couple in British Columbia said in the same month they would take Bitcoin in exchange for their five-bedroom mansion on Vancouver Island.

In June, people had the opportunity to use cryptocurrency to bid on a 16th century Italian Renaissance mansion with an estimated value of $44 million dollars. Nestled in the heart of Rome, the house was built by famed architects Giacomo Della Porta and Girolamo Rainaldi.

And in early July, an agent in Newark said on Facebook they successfully sold a property for Bitcoin, a first in the state of Delaware.

A growing number of real estate agents are recognizing how digital currencies are changing the real estate market, and many think transactions with Bitcoin and other cryptocurrencies are here to stay.

Joe Onyero of Properbuz, a social media real estate platform, says it makes sense to use digital currency to eliminate middlemen since it can currently take a lot of time to buy a property due to all the different parties involved in a transaction.

Additionally, real estate websites like Open Listings are making it easy for people to plug in search terms like “bitcoin” to find property that can be bought with digital currency.

Do you think cryptocurrency has a future in the real estate world? Would you ever buy property with a digital currency like Bitcoin? Let us know in the comments below!


Image courtesy of Open Listings, Shutterstock.

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Úno 19

Billionaire Calvin Ayre is Building a $100m Bitcoin Cash Resort in Antigua

· February 19, 2018 · 9:45 am

Soon, wealthy tourists looking to live large in the Caribbean will be able to reserve rooms at controversial billionaire Calvin Ayre’s resort in Antigua — if you’ve got the Bitcoin Cash.


A ‘Novel and Exciting Concept’

The billionaire founder of the Ayre Group and the Bodog entertainment brand, Calvin Ayre, is reportedly building a $100 million five-star resort on Antigua’s Valley Church beach — funded entirely by profits made from investments in digital currencies.

Antigua

The prime minister of Antigua and Barbuda, Gaston Browne, is excited by the news, as the islands have long been supportive of cryptocurrency. Browne says of the project:

We expect the resort’s novel and exciting concept to broaden Antigua and Barbuda’s tourism product and bring a new category of tourists to our islands. We look forward to working with Mr Ayre on this resort and the many other investments he has made in Antigua.

Calvin Ayre, officially known as “his excellency” on the Caribbean islands where he holds the title of special economic envoy, says:

This resort will attract a totally new market segment of tourism on the island — successful wellness-seekers who also want to have fun. The property will not be an all-inclusive destination. Instead, its amenities will be available to residents of Antigua and Barbuda and visitors alike.

Bring Your Bcash

Unsurprisingly, Ayre’s resort will accept Bitcoin Cash at point-of-sale terminals on the property.

Unaffectionately known as Bcash, the controversial cryptocurrency forked from Bitcoin on August 1st, 2017, and has sparked debate amongst cryptocurrency enthusiasts ever since — with some calling it a get-rich-quick scheme primarily profiting from the unnecessary confusion of others by co-opting the Bitcoin brand.

MillionBitcoinCash - Updated POW & POS Technology With Low Fees with limited Coins

Ayre and Bcash bull Roger Ver are arguably the two biggest proponents of the forked cryptocurrency, claiming the Bcash blockchain is vastly superior to all other blockchains — despite little evidence to support such a claim.

Of course, Ayre himself is no stranger to controversy.

In 2012, Ayre and three other individuals were indicted by the US Attorney for Maryland on charges of illegal gambling and money laundering, leading to the billionaire evading authorities for nearly a decade.

In 2017, however, Ayre got off easy by pleading guilty to a single misdemeanor charge, while the remaining felony charges against him were dropped. According to Forbes, Ayre never came to the US to face the charges.

Would you be interested in spending cryptocurrency while on vacation in the Caribbean? Would you prefer that such cryptocurrency wasn’t Bcash? Let us know in the comments below!


Images courtesy of Shutterstock, Bitcoinist archives.

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Zář 20

Miami Seen As Ideal Property Market For Bitcoin

· September 20, 2017 · 2:00 pm

With properties increasingly being sold for Bitcoin, one Realtor sees Miami as an ideal location for making Bitcoin payments a much more regular means of purchasing property.


Miami-bitcoinist

Bitcoin enthusiast and Realtor associate Stephan Burke first discovered Bitcoin in 2014 when he sold a Miami property to an early Bitcoin investor. When the buyer later wanted to sell this same property, there was a condition to the terms of sale – Burke had to advertise that the house was available to purchase for Bitcoin in addition to traditional forms of payment. Burke has now gone on to offer the property for resale here for a $6.5 million sum, approximately 1,600 BTC. He now believes his actions are on the leading edge of a new economic trend, something that will transform how the real estate industry conducts its business and he particularly highlights South Florida as an ideal case in point.

Investment Property in Globally Friendly Cities

Burke wrote in the Miami Herald:

Does anyone know of a globally friendly city that might embrace a digital currency which moves legally and safely across borders, allowing international buyers to retain the value of their money? Miami is an ideal market for Bitcoin, giving buyers and investors from South America, Canada, Russia, Asia, and the Middle East the opportunity to make their purchases quickly and smoothly.

It is not just Miami either, there are many globally friendly cities set to benefit, but Miami is helping lead the way alongside other initiatives, such as these investment properties in Dubai which are considered to be the worlds largest investment opportunity accepting payment in Bitcoin.

It Won’t Be Just the Payment System Either

REcoin Launches First Ever Cryptocurrency Backed by Real Estate, With ICO Campaign

In the Miami Herald, Burke also added:

Industries, businesses, and careers are being affected by this dramatic globalization and modernization, and real estate is no different. It seems clear to me that banks and title companies will be doing everything in a crypto-recorded fashion within the next decade, and our transactions will eventually become faster — and safer — under this system.

Bitcoin and the blockchain are ideally positioned to aid in international payments, especially in regards to the transfer of large sums internationally. Doing so and doing it legally could save savvy investors a lot of money in fees that banks would otherwise be charging them. The promise here though is that there will be a revolution in how processes such as buying property can be streamlined and documented on the blockchain by cutting out notaries and other third parties, helping to not only speed up the process but also making it cheaper and more secure.

Will luxury properties like this eventually filter down to more affordable Bitcoin property purchases? Have you bought your house for Bitcoin? Let us know in the comments below.


Images courtesy of Wikimedia Commons and the Bitcoinist archives.

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