Buying a house with bitcoin? Gafisa a real estate companies in Brazil, accepts crypto payments

Gafisa, one of Brazil’s leading real estate companies, now accepts cryptocurrency payments for real estate. Bitcoin is excellent for real estate development companies because it eliminates intermediarieswhich is common in the real estate development sector, according to one of Gafisa’s officials.

According to a press release, the company’s decision to accept bitcoin is based on the technology’s ability to provide new opportunities for innovation in the financial industry. Cryptocurrency acceptance will be through the local exchange foxbit, announced the company.

Cryptocurrencies and Real Estate: A Perfect Marriage

One of the main elements that led the company to consider this option is the growth of the cryptocurrency sector – said Guilherme Augusto Soares Benevides, General Manager of Gafisa.

“There is no way to do business without adopting crypto as a payment method because, in addition to providing an additional payment option for the buyer, the use of currency promotes the best for our customers. » Benevides

Brazil has emerged as one of the strongest supporters due to the rapid growth in the use of digital currencies in the country. The country ranks sixth in value traded on the blockchain, according to a report by Chainalysis.

Cryptocurrencies have become so popular that they are now widely used, regardless of the fact that bitcoin is not accepted as a means of payment by the Central Bank of Brazil. The widespread nature of this activity is illustrated by the involvement of large companies listed on the stock exchange.

Brazil is hungry for cryptocurrencies

“Bitcoin is the most valuable cryptocurrency by market capitalization and technologically the largest currency in history”; “It is a currency that is gaining popularity every day, which is expanding its applications. – Benevides

Gafisa accepts a plethora of virtual currencies in addition to bitcoin, including Cardano ($ADA), Ethereum ($ETH), Ripple ($XRP), and Solana ($SOL). The company accepts a total of 16 different cryptocurrencies as payment.

The company is one of the country’s leading real estate developers, as one in 130 Brazilians resides in one of Gafisa’s properties. Buyers must submit documents indicating their intention to purchase real estate using cryptocurrencies. The company will then thoroughly review this form before providing the client with a wallet address.

Last week pinned bitcoin’s seventh weekly price decline, making it the longest stretch in recorded history. However, despite the optimistic market outlook, the market ended the week on a pessimistic note, causing considerable concern among investors.

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