Facebook Twitter Instagram
    LocalLoans
    • Finance
    • Personal loans
    • Home loans
    • FNB Calculator
    • Debt
    • Financial tips
    • About
    • Contact
    Facebook Twitter Instagram
    LocalLoans
    Home»Currencies»Bitcoin – US real estate market is all in
    Currencies

    Bitcoin – US real estate market is all in

    adminBy adminNovember 19, 2018No Comments2 Mins Read
    Facebook Twitter Pinterest LinkedIn Tumblr Email
    Local_Loan_Bitcoin_US_real_estate_market_is_all_in
    Share
    Facebook Twitter LinkedIn Pinterest Email

    Investors have been drawn like moths to a flame for the real estate market in South Florida specifically those from Latin America Venezuela, Brazil and Argentina. 

    And Bitcoin, is their preferred currency and alternative payment of choice in the real estate industry, specifically that in the United States (U.S.).  

    “This seems to be driven by international investors who are circumventing inefficient banking and currency controls at home, and by US cryptocurrency enthusiasts,” said economist and bitcoin expert Charles Evans of Barry University. 

    “The governments in those countries restrict the amount of money that their residents are allowed to transfer abroad through the banking system. Bitcoin enables individuals there to bypass such restrictions,” Evans added. 

    Such transactions can be useful for foreigners who want to invest in the U.S. and cannot otherwise do so, Evans told AFP. 

    As of the end of 2017, the digital currency was listed as a way to pay for some 75 properties for sale, especially in south Florida and California, according to the U.S. real estate firm Redfin. 

    One seller is going even farther, saying he will take only bitcoin (33 of them to be exact) for his half-million-dollar downtown condo in the Florida metropolis. “Bitcoin accepted” is a message now seen in the description of homes for sale in the Miami area, reported “The New Age”. 

    Bitcoin is slowly making its way into closings on everything from Lake Tahoe land in California to Manhattan condos to single-family homes in the heart of Texas, reported “CNBC”.

    Share this:

    • Facebook
    • Email
    • LinkedIn
    • Twitter
    • Print
    Bitcoin-market Bitcoin-US-market Bitcoin-US-real-estate-market
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    admin

    Related Posts

    Virtual currency – community based spending

    November 20, 2018

    Virtual currencies in South Africa

    November 20, 2018

    Top 5 virtual currencies globally

    November 20, 2018

    Leave A Reply Cancel Reply

    four + five =

    Recent Posts
    • 5 Roles Of A Credit Analyst
    • Benefits Of Corporate Social Investment
    • How To Qualify For A Wonga Loan
    • 5 Facts About The 2019 Elections
    • Quick Ways To Check Your Credit Score
    Recent Posts
    • 5 Roles Of A Credit Analyst
    • Benefits Of Corporate Social Investment
    • How To Qualify For A Wonga Loan
    • 5 Facts About The 2019 Elections
    • Quick Ways To Check Your Credit Score
    In the News
    • Capfin Loan Calculations
    • Loans Without Affordability Checks
    • Woolworths Sms Account Application
    • Apply for a Capitec Loan Online
    Recent Posts
    • 5 Roles Of A Credit Analyst
    • Benefits Of Corporate Social Investment
    • How To Qualify For A Wonga Loan
    • 5 Facts About The 2019 Elections
    • Quick Ways To Check Your Credit Score
    Recent Posts
    • 5 Roles Of A Credit Analyst
    • Benefits Of Corporate Social Investment
    • How To Qualify For A Wonga Loan
    • 5 Facts About The 2019 Elections
    • Quick Ways To Check Your Credit Score
    Facebook Twitter Instagram Pinterest
    © 2023 ThemeSphere. Designed by ThemeSphere.

    Type above and press Enter to search. Press Esc to cancel.