The adoption of bitcoin (BTC) and other cryptocurrencies as a means of payment is in full swing. The real estate sector is a good example of this. More and more it is revealed that apartments and villas for sale for bitcoin or ethereum (ETH). This is often about real estate with millions of dollars in value.
Magnum Real Estate Group
Previously they were mostly individuals, such as the world famous DJ David Guetta, who put their real estate up for sale for crypto. This time, however, it comes out that a pretty prominent real estate agent from New York is going to achieve the same.
Magnum Real Estate Group has some serious real estate projects for sale and the company recently indicated that they will accept bitcoin as a method of payment. The company is a true giant in the New York real estate world. It has a portfolio worth about $4 billion.
These are three retail spaces on the ground floor on one of the busiest streets in Manhattan. The value would be about $29 million. In addition, the locations are already generating income at the moment.
Magnum Real Estate Group CEO Ben Shaoul said:
“We are a pioneer in bitcoin transactions and we see a scenario where many more transactions can be made through blockchain.”
In addition, Shaoul indicates that he believes that this new bitcoin deal will not be the last of this year. According to him, there is great interest in luxury penthouses in Miami, Beverly Hills and also the center of New York City.
The real estate industry is at the forefront of bitcoin adoption. At the moment, this mainly concerns real estate with a value of several million, but if large players such as Magnum Real Estate Group speak so positively about crypto as a means of payment, it seems only a matter of time before paying with crypto becomes the most normal thing in the world.