You can now buy your house with Bitcoin…at least in Texas.
Use cases for Bitcoin have been popping up everywhere, with new ‘Accepts Bitcoin’ signs on everything from coffee carts to retail stores in South Africa.
These adoption cases are important as the continued use of Bitcoin will only increase the adoption and price cycle, commonly referred to as a Satoshi cycle.
In a new and interesting twist, an entire real estate transaction has taken place via Bitcoin. In other words, you can now buy your house with Bitcoin…at least in Texas. The transaction was for the purchase of a newly built custom home, and the full purchase price was transferred to the seller/builder via Bitcoin.
Having been through several traditional closings, I would love to have been a fly on the wall for that one. Thanks for sharing.
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This is super interesting, there are some project involving blockchain in real estate as a mean of simplify bureaucracy, but this is a hard sale, I love it! Do you know if the price was at a discount because the seller believed in the speculation or at a premium because it was not fiat currency somehow?
Anyways, thanks for sharing! upvoted and followed, cyrpto ON!!!
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