Bitcoin Forum

Antalya Homes accepts Bitcoin (BTC), Ripple (XRP), Bitcoin Cash (BCH), and Ethereum (ETH) as payment for property sales.

https://bitcoinist.com/antalya-homes-accepts-bitcoin-for-property-sales-in-turkey/

Always good for us to have options on what to do with our bitcoins, rather than cash out into fiat via coinbase some will prefer to buy property

I think what will happen can be expressed in short. "We accept anything as long as we can convert it to paper currency." What happens is that they will use a reliable third party to exchange cryptos "at that time" into paper money.
Also, investment in real estate is carried out by trusted parties. Therefore, the role of cryptocurrencies is limited to the speed of transfer and transactions fee is low, especially since the investment laws in Turkey are not so strict.

But still a good thing that they do consider crypto on such transaction.If the laws arent that strict as of this moment then they can still make use of it freely without minding too much on possible law violation.
Crypto can really cater out when it comes to transfer speed and fees no matter how big the amount is being transacted.Good thing that they do consider and its always been a good news.

Turkey's economy just fell into recession and the Turkish lira is going down - inflation (remember last summer's currency crisis), so it's somewhat a normal decision. In most countries with economic problems, adoption of cryptocurrency is on the rise.

Nothing wrong with that. It offers more utility to those who already own Bitcoin. It feels good knowing that more and more places start to accept Bitcoin.

If Bitcoin wants to be a currency, we need to be able to use it as such, and the first and most important step is to have whatever entity accept it. It's not our problem that they use a third party for the conversion. The volatile nature of this market is too much of a concern for those who aren't willing to swallow a hit.

The brutal selloff from $6000 to $3000 once more points out that it makes sense for merchants to convert to fiat.

Yup. When fiat fails, another alternative would rise and people will start using it. It might start very slow but sooner or later I think we will meet a balanced demand and supply which cause Bitcoin or other crypto to be more stable, but of course this also depends on whether the fist system is healthy or not. If anybody use Bitcoin to judge a price of a thing then there's no problem at all with volatility. Problem is, that's almost impossible.

The same scenario had played out in Zimbabwe hyperinflation economy and Venezuela recessions enabled most their citizens to resort or falls back on bitcoin and other cryptos for most their daily transactions.
Bitcoin is proving to be viable source of alternative to a battered or recessed economy, gradually adoption of cryptos is gaining momentum hopefully in a long run its acceptability will cut across most countries globally.

That's good news for the crypto community.
I can see that businesses , especially in the Real Estate industry, accept bitcoin in order to stabilize the inflationary trends that occur in their native currency. Turkey overpassed a very stressed period during summer where the value fo the Turkish Lira dropped significantly. I hope to see more and more news like this that brings mass adoption one step closer.

Stablecoins offer much better value for money as currency and payment option than any of the currently existing crypto currencies. People might not like to read this, but this is the reality.

The only downside of the most popular stablecoins is that they operate on easy to cripple networks, being Bitcoin and Ethereum. By the time we're going through the next mania even these stablecoins will turn into bad currencies.

Unless there is a way to shift USDT to LN and have the whole process of transacting and settlement be instant, there is little that any crypto currency will bring to the table as being a useful local fiat alternative.