The First US Bitcoin Property Marketplace Has Been Launched, Allowing Individuals To Purchase And Sell Real Estate Using Crypto
The first bitcoin real estate marketplace for US properties was launched this week, with Texas properties being the initial listings on the platform. The platform is linked to Coinbase Commerce, allowing for digital coin payments.
Because Bitcoin
April 24, 2023
Markets Insider reported that MyEListing.com, a platform for commercial real estate listings and data, has launched the first Bitcoin real estate marketplace in the US. This will allow those interested in using cryptocurrency to buy and sell property to access the multi-trillion dollar US property market.
Source: MyEListing
The introduction of the bitcoin real estate marketplace in the US is taking place amidst a challenging period for the country's property markets. While interest rates are on the rise and a possible recession is looming, median home prices experienced their biggest annual drop since 2012 in March, declining by 3.3%, according to Redfin.
Source: MyEListing
Texas properties have already been listed, and more properties from select states will be added by agents, brokers, and sellers in June. Transactions can be completed within one business day, which is 50 times faster than current averages. The marketplace is open to people worldwide and is integrated with Coinbase Commerce for digital coin payments. The CEO of MyEListing.com, Caleb Richter, believes this platform will revolutionize both the crypto and real estate industries.
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