• The Crescent Title agency will allow crypto payments in over five tokens.
• Cryptocurrencies gain priority in the US real estate industry and other countries.
Cryptocurrency adoption continues to rage through different economic sectors and even more in the real estate investment industry following the Crescent Title announcements. The company recently allowed the use of cryptos to buy houses and apartments via its company.
Crescent Title has allowed tokens such as Litecoin, Ripple, Dash, Bitcoin Cash, and Bitcoin. However, the announcements do not stop there because it said it might expand its list of tokens linked to real estate purchases.
Real estate companies will accept payments in cryptocurrencies
Crescent Title, a real estate agency operating in southwestern Louisiana, has announced that it feels ready to accept payments in cryptocurrencies. According to the companies’ lawyers, these announcements are part of adapting to new technologies with decentralized currencies.
The lawyer adds that with this new way of buying houses or apartments, enthusiasts will obtain commercial and residential property within Louisiana without problems. The agent also indicates that the merchants will have a different experience for selling their properties. All these statements are based on that cryptocurrencies are a viable option to obtain fast, secure, and low-commission transactions.
Crescent Title joins the list of real estate companies in the United States that have given their vote of confidence to cryptos. Although the virtual market was first full of questions, it is accepted in large industries such as real estate. Bitcoin would correspond to the most popular cryptocurrency accepted for these transactions, although enthusiasts also often use Dogecoin as a payment method.
Crypto payments in real estate arrive in the multiple US states
As reported by some local media, the real estate market in the United States has had a good reception towards cryptocurrencies for their secure transactions. In 2021, many properties have been sold with Bitcoin, corresponding to the cryptocurrency with the highest value in virtual commerce.
In 2019, the owner of a luxurious home in Miami, Florida, sold his property for over 1,500 Bitcoin, equalling about $6 million. But not only the US has had a good reception towards buying real estate with Bitcoin, but also Dubai, where an apartment was recently sold for 33 BTC.
It was possible to complete various crypto transactions focused on the real estate industry in Amsterdam, although there are no reports on these sales. In Lake Tahoe, California, a million-dollar sale was also completed with cryptocurrencies, where a property was sold for at least 2,700 Bitcoin, which would be about $183 million. The crypto trade gains priority in the real estate market every day, and not surprisingly, it will soon be the new normal, these agencies report.