CandleFocus Australian couple sold their land in a BTC-only sale and made headlines. Is this case unique?
2025-01-21
Author: Content Editor
The news article discusses how two couples in Ballarat sold their land block for Bitcoin payments, highlighting the growing trend of selling real estate for cryptocurrency. The vendors stated that they chose to sell for Bitcoin to reduce middleman costs and have a quick and cost-effective transaction. This case in Ballarat is not uncommon, as there have been other notable real estate deals conducted using cryptocurrency, such as a $22 million penthouse in Miami. The article explains that many people use cryptocurrency for real estate transactions to save money on intermediaries and facilitate cross-border transactions. It also mentions that some individuals accumulate the necessary funds for real estate purchases through investments in cryptocurrency. The use of blockchain in real estate transactions is seen as a way to eliminate the need for traditional intermediaries like banks and agents, streamlining the process and reducing fees. The article concludes by noting that real estate is gradually embracing cryptocurrency, despite concerns about price volatility.
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