This is an attractive business model as it eases traditionally complex and unclear transactions. The recipient gets payments without exposure to banks and transactions would be much faster. Property agents are reporting that buyers really wish to pay in bitcoin. Professionals within the industry see crypto transactions becoming more viable in the long term prospectus. Cryptocurrencies empower individuals by giving them more direct control over their digital property transactions.
As for the Real Estate market, the many benefits of buying and selling in Bitcoin can just barely be neglected.
First of all, a bitcoin transaction is cheaper as it slices costs by disposal of third parties. The fee to process the transaction is only 1%, which is a precondition for Bitcoin transfers.
Also, digital sales are weighty in international property markets because they are faster, and in some cases even superquick. Buying property in Bitcoin essentially involves fixing the price in a particular currency and then converting it to Bitcoin. But the property seller absorbs none of the volatility as long as they exchange it back to cash once the transaction is complete.
The biggest problem with this kind of payment is that Bitcoin and property appeal to different types of investors. Nowadays more and more people are dealing with cryptocurrency in property transactions. If you have doubts or questions about optimisation and opportunities of crypto transactions in real estate - contact us.