Real estate sellers, developers, and their brokers should consider an alternative approach for marketing and selling properties in the US to local and international buyers. This approach involves closing real estate transactions using Bitcoin and other main types of cryptocurrency.
Some of the real estate brokerage firms in New York have started slowly embracing the notion of selling their clients’ properties for Bitcoin or other virtual currencies (also commonly referred to as “digital currencies,” “cryptocurrencies” or “crypto”). For example, every distressed real estate listing displayed on AlgoCap’s website in New York can be purchased for Bitcoin, Ethereum, and Stablecoins, including Gemini Dollar (GUSD), Binance USD &
Coinbase Stablecoin (USD Coin). AlgoCap is an AI-driven real estate brokerage platform based in Manhattan, focused on sourcing commercial and residential distressed real estate investment opportunities in New York.
This article will focus on Bitcoin one of the most widespread virtual currencies. Bitcoin is well-embraced by regulators, which allows for a high degree of its transferability in domestic and cross-border transactions.