[2016-11-01] - Bitcoin's Role in Real Estate

Looking to buy a house and spend some BTC?

As a growing number of businesses warm up to bitcoin-a relatively new form of virtual money-the real estate industry may be next to embrace the somewhat controversial currency. BOND New York, a property brokerage in Manhattan, started 2014 with an announcement that it would recognize bitcoin as a viable payment option for real estate deals. The realty office-which says the virtual currency will facilitate mobile payments, increase security, curtail fees and strengthen identity protection-is thought to be the first traditional real estate office in the country to officially welcome bitcoin, which has a value of roughly $750 per unit. According to BOND New York co-founder Noah Freedman, "Bitcoin is a convenient and inexpensive way for our customers to transfer money so we see it as a win-win situation which will impact the real estate industry."

"Bitcoin in real estate?" Journal of Property Management Mar.-Apr. 2014: 6. INFOTRAC CUSTOM 750 JOURNALS. - http://www.thelegrandgroup.com/blogs/post/bitcoins-role-in-real-estate/