Florida readies itself for a crypto real estate wave.
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Ask people about using cryptocurrency in the smoking hot real estate market and the answers vary wildly. "Business Observer" introduced an article:
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"Using crypto to buy real estate, on paper and in theory, isn’t much different than other forms of currency, according to a June 16 blog post from Florida Realtors. The key, states the post from Florida’s leading advocacy organization for Realtors, written by financial news firm Benzinga, is in crypto real estate “money doesn’t move between banks, it moves between crypto wallets.
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Then there’s Denis Smykalov, with Wolsen Real Estate in Sunny Isles Beach, outside Miami. His firm has conducted multiple real estate transactions using cryptocurrency, the post states, which fits, given Miami is a national crypto hotbed. “Crypto transactions are not as complicated as they seem, especially if you are working with an experienced seller,” he says. “As it becomes a more accepted form of payment, you will find more companies willing to share the steps to open a wallet.”
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That market experience, anecdotally at least, leads to more mixed reviews on the crypto real estate trend."
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Read the full article -
https://www.businessobserverfl.com/article/florida-readies-itself-for-a-crypto-real-estate-wave
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