Business selling property by using Bitcoin
/cdn.vox-cdn.com/uploads/chorus_image/image/56223301/bitcoin.0.jpg){kind=link}
The popularity of Bitcoin keeps the price of the digital currency up. The value of Bitcoin digital currency never reached the record by touching the level of USD 5.991 or Rp 81 million per coin on September 20, 2017. Today, Friday, October 27, 2017, Bitcoin price reached USD 5.883 or Rp 80.6 million per coin.
Bitcoin has been a part of the Miami real estate market for several years. Although newly launched in 2009, real estate agents, investors and buyers are sensitive to rapid technological developments using this type of digital payments to make a profit.
Because of its popularity, some industries, taking advantage of emerging trends by providing property purchase transactions using Bitcoin. One such industry is the real estate industry. Then, where can we buy a house with Bitcoin?
Since its launch nine years ago, Bitcoin has become a global phenomenon. Even Bitcoin is predicted to become a future digital payment tool to replace paper money. But Bank Indonesia says Bitcoin is not a valid currency in this country.
The United States is not the only country that exploits the growing trend of Bitcoin. A developer located in the Isle of Man, Dubai, United Arab Emirates recently announced the planned development of residential housing worth USD 325 million. Prospective residents will be able to use Bitcoin to purchase their property, with studio apartments ranging from 33 BTC and one bedroom apartments of 54 BTC or about 250 thousand USD.
Back in the country, it turns out an island in Indonesia has also been using Bitcoin for property market transactions. The island is Bali. Although not recognized by Bank Indonesia as a legitimate currency, Bitcoin is also used on the island. In 2014, an unnamed buyer spends more than 800 Bitcoin or 500,000 USSD equivalents to buy a two-room villa in Bali's western coastal area.