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The most expensive purchase of real estate took place in the cryptocurrency

by Margharet Tess
June 18, 2021
in Cryptheory News, News
Reading Time: 2 mins read
miami real estate apartment usa cryptocurrency
Source: miamiresidence.com

Many things can be bought for bitcoins nowadays, not excluding real estate. The most expensive purchase of a seaside residence in Miami recently took place for cryptocurrencies. How much did the applicant buy for the property?

Purchase of real estate for cryptocurrencies

A luxury residence in Miami, USA, was sold to an anonymous buyer a few days ago. He paid a record $ 22.5 million in cryptocurrencies for his seaside apartment in the famous Surfside area.

Forbes magazine reported on the purchase. What type of cryptocurrency the buyer used has not yet been disclosed. But it is worth noting that no other property on the Miami coast has ever been sold at such a high price per square meter.

Alex Sapir and Giovanni Fasciano, who are behind the luxurious Arte Surfside residence, said the cryptocurrency shops were very secure. They add that more and more people want to get more apartments using digital assets.

“There is a strong unstoppable demand for cryptocurrencies that are seamless and safe for both parties. This agreement is a prime example. We were very impressed with the amount of calls we received from qualified buyers. “

Giovanni Fasciano said that buying real estate for cryptocurrencies is a huge success for the entire real estate industry in Miami. The record purchase of the residence comes a month after Arte Surfside, the company behind the luxury real estate, announced that it will start accepting cryptocurrencies as a means of payment.

“With this sale, we are making history in Miami. Cryptocurrencies are the future and we believe we are just beginning. “

Conclusion

As the popularity of cryptocurrencies grows, so does the number of merchants who accept BTC or other cryptocurrencies as possible currency for their goods or services. So BTC really doesn’t serve as the currency of drug dealers in dubious darknet markets.

  • Author
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Margharet Tess
Margharet Tess
Editor, Developer at Cryptheory Labs
I have been active in the cryptocurrency world for over 6 years, during which I have written countless articles about this sector. What fascinates me most about cryptocurrencies is their technological aspect and the problems they aim to solve. In the past three years, I have ventured into app development and am currently working on a larger project called P2E Buzzer. Stay tuned for the surprise. 🙂 My previous experiences: Business2Community.com, TradingPlatforms.com
Margharet Tess
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