Crytocurrencies in the Latin American housing market

November 20, 2019
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This article was written and published in Spanish and has been translated into English via Google Translate. Click here to read the original article.

A further step in the adoption of cryptocurrencies was achieved when the real estate industry began to use them as an attractive means to carry out transactions.

Nowadays it is increasingly common to find property offers worldwide in different digital currencies. According to Diario Bitcoin, only in Latin America can you find up to 127 properties that can be purchased with bitcoin and other cryptocurrencies.

With the Cryptoruuf platform, you can buy, sell and even rent properties from around the world with cryptocurrencies. In Latin America, 127 properties are listed in countries such as Colombia, Mexico and Costa Rica, where you can buy from houses and land, to hotels and beaches.

For example, in Costa Rica you can find the most expensive property within this platform. It is a beach of 150 hectares located in the province of Guanacaste. It costs 6,500 bitcoins, which roughly equals about $56 million. The second most expensive property on this platform is also found in Costa Rica. It is a land of 5 kilometers within Coyote Beach, in the same province. This one costs 3 thousand 500 BTC (about $30 million).

Ecuador is the second country with more properties within this website, with a total of 44 properties. Although Ecuador takes the first place, with a total of 79 properties listed. Something that also stands out from many properties in Ecuador, is that several appear with rental option during the holiday period, and that the cheapest properties in the region are also found in that country.

In the case of Mexico, 25 properties were found that can be paid with cryptocurrencies. This put him in third place in Latin American countries with more properties on this platform. Highlights an area in Los Cabos of 8 hectares of beach that sells for 1100 BTC (about $10 million). The land is large enough to build a hotel complex.

This article was written and published in Spanish and has been translated into English via Google Translate. Click here to read the original article.

November 20, 2019

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