fbpx

Condos.com Begins Accepting Cryptocurrency Payments to Facilitate Real Estate Transactions

Condos.com recently became the first online real estate forum to welcome cryptocurrency transactions as an accepted form of payment. The process will use BitPay’s 11 supported cryptocurrency coins as payment for both deposits and rebates on the website, which operates as a mediator between e-commerce and real estate industries.

“Through Condos.com, our mission is to become pioneers in the real estate industry by offering seamless and simplified luxury condo transactions, and we could not achieve this without venturing into the cryptocurrency space,” says Neel Kawale, CEO of Condos.com. “We are excited to witness the growth of this partnership and to continue elevating the way people purchase homes online.”

The partnership will allow consumers to scan the marketplace of new and pre-construction condominiums and use cryptocurrencies as a deposit, regardless of whether the development accepts cryptocurrency. Condos.com users can also receive rebates in any of BitPay’s 11 digital currency coins including, Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), Wrapped Bitcoin (WBTC), Litecoin (LTC), Dogecoin (DOGE), and 5 USD-pegged stable coins (GUSD, USDC, PAX, DAI and BUSD).

“We are thrilled to launch BitPay’s payment processing and payout services in the real estate sector with Condos.com,” says Bill Zielke, CMO of BitPay. “Cryptocurrency’s future is bright, and the impact it can have on real estate transactions is vast. Condos.com is evolving to the new practices of a digital-first world. We look forward to expanding our sector portfolio and reaching buyers around the world.”

The website launched in July and is headquartered in Miami and is available for residents and businesses in Canada, United Kingdom, California, and Florida. The site’s online database and proprietary data allow developers to expand their bulk inventory portfolio to increase visibility. For Brokers, they can quickly access qualified buyers while still receiving broker commissions to facilitate sales. As digital currency becomes accepted in real estate, the online marketplace aims to facilitate the transaction experience through a seamless process.

“As cryptocurrency continues to grow as a widely accepted form of payment for various services, we recognized this to be a crucial part of our business and a necessity for our growth trajectory,” says Richard Swerdlow, managing director of Condos.com. “We are grateful to partner with the industry’s largest provider of Bitcoin and cryptocurrency payment services to offer users the first online real estate marketplace adopting all forms of cryptocurrency.”

You May Also Like

Dolphin Mall in Miami to Open Entertainment Venue Featuring Dining and Hospitality Options

Taubman Realty Group and Live! Hospitality & Entertainment partnered to create Vivo! Dolphin Mall, which will feature 62,000 square feet of dining and entertainment space with an expansive 30,000-square-foot al fresco plaza set to debut this summer. Vivo! will provide a destination for premium entertainment, food, drinks and first-class hospitality in Miami.  “It’s been incredible

Las Olas Wine & Food Festival Returns for 27th Anniversary

The Las Olas Wine and Food Festival (LOWFF) will celebrate its 27th anniversary on Friday, April 21. As one of Fort Lauderdale’s most extensive wine and food festivals, the event will transform Las Olas Boulevard and offer guests the opportunity to sip, sample and enjoy dishes from 40 of South Florida’s finest restaurants and more

Vinya Wine to Celebrate National No Phone Day With Miami’s Top Restaurants

Wanting restaurant guests to enjoy their meal and camaraderie with friends and family, Vinya Wine is spearheading an initiative to encourage patrons to enjoy a sip of wine with friends or family on National No Phone Day. Organized by Allegra Angelo, Vinya Wine partner and sommelier, Tuesday, April 18 has been declared No Phone Day,

W Hotel on Fort Lauderdale Beach to Host Post Tortuga Party

The Tortuga Music Festival on Fort Lauderdale Beach will bring thousands of concertgoers to the area for a weekend of live musical entertainment. The popular event is celebrating its 10th anniversary this year with headliners Eric Church (Friday), Shania Twain (Saturday) and Kenny Chesney (Sunday), each performing for more than 25,000 fans. However, the party

Other Posts

FuelFest Makes Return to West Palm Beach

The event features over 700 cars and live-action drifting with fan ride-alongs and a concert.

Frost Science Hosts Event Highlighting Guinness World-Record Flight 

Captain Barrington Irving will discuss his historic achievement.

New Restaurants and Additions Wanted for Hallandale Beach Event Series

The lineup is part of the South Beach Wine & Food Festival, which has raised over $37 million for the Chaplin School of Hospitality & Tourism Management at FIU.

Barbie-Themed Homeware and Merchandise Pop-up Event Coming to Cityplace Doral

It will allow fans to glimpse the iconic doll’s world in a unique and exciting way.