Dogecoin is often viewed as a joke coin or asset for TikTok speculators to play on, however Now you can buy luxury apartments in Lisbon, Portugal using the cryptocurrency.
#fntx #btc #dog #cardano #ada #dogecoin # 355outubro #Portugal #Lisbon #BienesRaicesPortugal pic.twitter.com/uiPuTnOA55
– FNTX Suisse (@FNTX_Suisse) May 11, 2021
FNTX Capital Suisse, the Zug-based OTC provider for liquidity and cryptocurrency payments, has partnered with Portugal-based property developer 355 Developments to offer condominiums in the capital that can be paid for with cryptocurrencies.
The partnership enables buyers to purchase apartments with Doge, Bitcoin, Ethereum and Cardano through FNTX’s “Real Estate Exchange”, which updates the price of each listing’s cryptocurrencies in real time. There are currently three announcements on the exchangeThe cheapest two bedroom apartment costs around 1.57 million Dogecoin with an approximate value of $ 690,000. The most expensive listing is a penthouse priced at around 5 million Dogecoin and an approximate value of $ 2.2 million.
An upward trend
Yahoo Money reports that In April there was an increase in US sellers willing to accept payments for real estate in cryptocurrency::
“Last month there were 71 listings that mentioned cryptocurrencies or Bitcoin in their descriptions on the property listing page. That’s 14.3 entries per 100,000 households, the highest rate ever recorded, according to the data. “
Cointelegraph reported on it on May 7th Miami’s Arte Surfside luxury apartments are now accepting payment for properties in multiple cryptocurrencies, including Bitcoin and Ethereum. The complex is the home of Ivanka Trump.
In Montreal, you can buy alcoholic beverages using cryptocurrencies
Cryptocurrency payments are becoming increasingly popular. May 12th, Montreal’s largest outdoor venue, Beach Club, announced that customers will be able to purchase alcoholic beverages using cryptocurrencies starting next year. Olivier Primeau, owner of the Beach Club, said in a social media post:
“Beachclub will officially be the first club in Canada to accept Bitcoin and Ethereum as payment methods.”
However, In the post, there was little detail on how the 100,000-capacity venue would actually accept cryptocurrency payments.The owner just said “multiple platforms” are being considered for launch in 2022.
This suggests Part of the reason businesses are willing to accept payments in cryptocurrency has as much to do with free advertising as it does with the future of the digital economy.