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Miami property deal breaks crypto real estate record

Last update 09.06.2021 11:09

A Miami property has set a record for the highest price paid in cryptocurrency in a real estate transaction — US$22.5 million. It has not been revealed which digital assets the anonymous buyer used to make the purchase.

Miami property deal breaks crypto real estate record

The record, which also broke Miami’s price-per-square-foot record, was set only a few days after the city hosted the world’s largest crypto event, the Bitcoin 2021 conference.

Developer Giovanni Fasciano of Sapir Corp said of the purchase: ”We are making Miami real estate history with this sale. Cryptocurrency is the future of wealth, and we believe this is only the beginning.”

Only last month, Singapore-based crypto exchange Zipmex partnered with Thai real estate developer One.Six to facilitate cryptocurrency payments for yet-to-be-completed luxury condominiums in a first for Southeast Asia.

Speaking with the Business Times, Chawin Athakravisunthorn of One.Six said: “By offering crypto as an alternative payment, we’re able to be more attractive and gain exposure to this [younger] market, where buyers may have been successful with crypto investments and want to diversify into [tangible] assets like real estate.”

 

Source:forkast.news

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Ethereum Meta (ETHM) -0.81 $0.000874 $21215.2B
Bitcoin (BTC) 0.48 $87,491.48 $9.2B
Ethereum (ETH) 0.22 $2,927.61 $3.6B
USD Coin (USDC) 0.01 $0.999762 $2.4B
Solana (SOL) 1.40 $123.181418 $1.1B
TRON 0.76 $0.279857 $794.9M
XRP (XRP) 0.54 $1.846957 $779.0M
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Dogecoin (DOGE) 0.65 $0.122869 $673.9M
Litecoin (LTC) 2.22 $78.29 $643.2M
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