Home Daily Blitz Bitcoin Being Used To Purchase Luxury Apartments, Other Real Estate
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Bitcoin Being Used To Purchase Luxury Apartments, Other Real Estate

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The following is an excerpt from LEIGH CUEN | September 25, 2017 | ibtimes.com |

All the hype about bitcoin prices and rising alternative coins is fine and dandy. However, cryptocurrency also has many successful use cases beyond trading and storing for long-term investments, a strategy the blockchain community calls “hodling.”

Bitcoin is real, digital money. Although it may attract less media attention than volatile exchange rates, bitcoin users can already buy all kinds of stuff with blockchain-powered tokens, such as paying for college tuition and buying property.

According to Bitcoin.com, people can now buy luxury apartments with bitcoin in the Turkish capital city of Ankara. This crypto-friendly real estate project was dubbed MiaVita Beytepe. “We decided to make sales via bitcoin, which has recently attracted the attention of Turkish investors,” Erdal Daldaban of the real estate company Anadolu Akaryakıt ve Ticaret Ltd. told the Turkish media outlet Harber10. Turkish investors aren’t the only ones taking note.

For more visit: ibtimes.com

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