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Cryptocurrency adoption continues: it is now possible to pay with Bitcoin to buy real estate in the American city of Manhattan

Source: https://bit.ly/3Av9nxK

New York-based Magnum Real Estate Group will accept bitcoin as a payment method for the sale of three ground-level stores valued at nearly $30 million, all located in Manhattan.

Additionally, the Autism Monitoring Foundation (ASF) has announced that it will allow people to donate cryptocurrency.

Initially, the nonprofit will accept the following digital assets:

Bitcoin, Ethereum, Dogecoin, Litecoin, Bitcoin Cash, and digital stablecoins.

Bitcoin invades the real estate industry:

According to a recent report , one of the leading US real estate management companies, Magnum Real Estate Group, will enable buyers to use bitcoin to purchase three ground-level stores worth $29 million.

BitPay, a bitcoin payment service provider, will act as a processor for future cryptocurrency transactions.

The shopping center to be sold, also known as “CODA”, is located in the luxurious part of Manhattan “385 First Avenue”.

The shop to be sold occupies an area of ​​more than 9,000 square feet and consists of “M&T” Bank, “ProHEALTH Urgent Care” clinic and “Mighty Pita” restaurant.

Ben Shaul, managing partner of Magnum Real Estate, noted that his company has experience with digital assets, having previously sold apartments using this payment method.

The chief commercial officer of BitPay explained that potential buyers from every part of the world, including those from Hong Kong or China, can use Bitcoin to purchase this property, and added:

The beauty of the crypto market is that it is a global digital asset.

Where the buyer simply scans the QR code to pay.

If someone paid $29 million in bitcoin, the transaction would be the most expensive transaction in the real estate industry to be purchased with cryptocurrency.

At the moment, the record belongs to a luxury property in Miami Beach

In June of this year, an anonymous buyer paid $22.5 million in cryptocurrency to purchase an oceanfront apartment.

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