Purchasing property with cryptocurrency



08 lutego 2022
Purchasing property with cryptocurrency

Colombia registers first property purchase using Bitcoin (source: Bitcoincom)

The first property purchase using Bitcoin was recorded in Colombia last week. A company called La Haus sold one property in Santa Marta to a buyer who was not in Colombia at the time of purchase. While Colombia is just beginning to consider bitcoins for property payments, neighboring countries such as Venezuela are increasingly using cryptocurrencies for such transactions.

Colombia debuts property purchases with Crypto

The real estate sector in Colombia has reached a milestone when it comes to the use of cryptocurrencies, after registering its first purchase using bitcoin. La Haus, an online real estate company, brokered this purchase after receiving a reserve of 0.03 BTC a month ago. The purchase was recently finalized by a buyer who was not in Colombia, so the operation was completed using Lightning Network through Opennode, a payment processor.

The purchase comes roughly a month after the company announced , it would accept bitcoins for reservations and payments for each apartment at Natura City, a development located in Santa Marta that has 160 apartments ready for sale.

Crypto for property payments

However, this is not the first time La Haus has made a purchase using cryptocurrency. The company, which also operates in Mexico, registered its first cryptocurrency purchase in January when a property in Mexico was purchased by a woman living in Peru.

Cryptocurrency purchases in the real estate sector are also becoming more common in Latam countries such as Venezuela, where cars and some properties are sold for USDT . Last year, one of these purchases took place in the country's coastal state, where a buyer used USDT to buy an apartment for $12,000.

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