• Press Releases
    • Submit a press release
    • Read All
  • Advertise
  • Contact us
Crypto.com Logo Crypto.com Logo
Bitcoinist.com
No Result
View All Result
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Press releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
    • Monero Price
    • MimbleWimbleCoin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Btcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Play Games
  • BET&WIN
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Press releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
    • Monero Price
    • MimbleWimbleCoin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Btcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Play Games
  • BET&WIN
Bitcoinist.com
No Result
View All Result
Crypto
Nexo

Crypto Is Now Accepted By One Of Brazil’s Leading Real Estate Companies

Jet Encila by Jet Encila
1 month ago
in Bitcoin, Crypto News
0
Advertisement

Leading Brazilian real estate developer Gafisa has begun accepting crypto for property sales.

According to Gafisa’s backrooms, bitcoin is ideal for real estate development businesses since it eliminates middlemen, a frequent practice in the property development market.

5 BTC + 300 Free Spins for new players & 15 BTC + 35.000 Free Spins every month, only at mBitcasino. Play Now!

The company’s decision to accept bitcoin was based on the technology’s ability to generate new prospects for innovation in the financial sector, according to a news release.

The company announced that it accepts cryptocurrencies through the local exchange Foxbit.

BitStarz Player Lands $2,459,124 Record Win! Could you be next big winner?
Get 110 USDT Futures Bonus for FREE!
 Gafisa also accepts Cardano, Ethereum, and Solana (Capital Advisor).

Suggested Reading | Metaverse Record: Biggest Property Sale In Virtual Land Hits $5 Million

Crypto And Real Estate: A Perfect Pair

Guilherme Augusto Soares Benevides, the chief executive officer of Gafisa, cited the digital currency industry’s expansion as one factor for the company’s consideration.

“There is no way to conduct business without embracing crypto as a method of payment because, on top of offering an additional payment option for the buyer … the usage of the currency promotes the best for our customers,” said Benevides.

Because of the quick expansion of the digital currency’s popularity in Brazil, the country has become one of the most notable adopters. According to a survey by Chainalysis, the nation ranks sixth in terms of value transferred on the blockchain.

Despite the fact that Brazil’s Central Bank does not recognize bitcoin as a payment method, the medium of exchange has progressed to the point where it is now extensively utilized.

The participation of big corporations listed on a stock exchange demonstrates the prevalence of this practice.

Crypto total market cap at $1.20 trillion on the daily chart | Source: TradingView.com

Brazil’s Growing Appetite For Crypto

“Bitcoin is the most valuable cryptocurrency by market capitalization and technologically the biggest currency in history,” Benevides said. “It is a currency that is gaining in popularity daily, hence broadening its applications.”

In addition to Bitcoin, Gafisa accepts various additional virtual currencies, including Cardano ($ADA), Ethereum ($ETH), $XRP and Solana ($SOL). The company accepts payments in a total of 16 different cryptocurrencies.

One out of every 130 Brazilians lives in a property created by Gafisa, making the company one of the top real estate developers in the country.

Suggested Reading | WeWork Founder Is Back With $70 Million Funding For Flowcarbon

To acquire real estate with cryptocurrency, buyers must submit a paperwork indicating their intent to do so. This form will then be properly examined by the company prior to the buyer receiving a wallet address.

Bitcoin’s closing prices have been negative over the past few months. The prior week marked the seventh consecutive weekly decline, the longest in recorded history.

Nevertheless, despite the optimistic attitude around the market, it closed the week in the negative, causing widespread alarm among investors.

Featured image from Brazil Bahia Property, chart from TradingView.com
ShareTweetShareShare

Sign Up for Our Newsletter!

For updates and exclusive offers enter your email.

I consent to my submitted data being collected and stored.
Jet Encila

Jet Encila

Freelance writing is Jet's other cup of tea. When not on his computer, he unwinds with a cold bottle of beer and laughs with his son over cartoons. Other than that, he's just like everybody else who wants to be happy with their life.

Related Posts

El Salvador

El Salvador, Unfazed By The Bear Market, Buys 80 Bitcoin – Will Others Do The Same?

1 hour ago
Crypto

This Is Why CoinFlex May Not Resume Crypto Withdrawals This Thursday

10 hours ago
Crypto

Coinbase Plans Overseas Expansion, Seeks Licenses In Europe

13 hours ago
Grayscale

Grayscale Investments Sues SEC Over Bitcoin ETF Denial

17 hours ago
Bitcoin Trading Volume Sinks Down Almost 60% In 9 Days

Bitcoin Trading Volume Sinks Down Almost 60% In 9 Days

19 hours ago
crypto lenders

Crypto Lending Platforms Under Immense Stress As Court Orders 3AC Liquidation

21 hours ago

Bitcoin news portal providing breaking news, guides, price analysis about decentralized digital money & blockchain technology.

Bitcoin

  • News
  • Price
  • Businesses
  • Acceptance
  • Technology
  • Investment
  • Regulation
  • Reviews

Altcoins

  • News
  • Price
  • Ethereum
  • Ripple
  • Litecoin
  • EOS
  • NAGA

Categories

  • Blockchain
  • Security
  • FinTech
  • Technology
  • Trending
  • Breaking News
  • Press Releases
  • How to

Pages

  • Contact us
  • Editorial Policy
  • Advertise
  • Crypto Prices from Nomics
© 2022 Bitcoinist.com. All Rights Reserved.
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Press releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
    • Monero Price
    • MimbleWimbleCoin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Btcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Play Games
  • BET&WIN

© 2021 Bitcoinist. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.