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The introduction of Crypto Assets in luxury real estate transactions in the United States marks the arrival of a new era of digital payment in real estate.
Luxury Goods Brokerage Company Opens a New Era of Digital Money Real Estate Transactions
A leading luxury brokerage firm in the United States is establishing a dedicated department that allows clients to purchase real estate using Digital Money. This move signifies that cryptocurrency is accelerating its integration into the mainstream financial system.
The company has become the first major brokerage firm to establish a professional team to handle pure digital payment real estate transactions. The new team consists of lawyers, analysts, and crypto experts, providing services to both parties without relying on banks.
A senior executive of the company stated that he has completed multiple large transactions in the past two years, including a purchase of a Beverly Hills property worth $65 million. In this transaction, the buyer requested the seller to accept cryptocurrency instead of payment in US dollars.
The executive stated in an interview: "This trend is obvious - cryptocurrencies will continue to exist. In the coming years, it will only become more important."
Recently, the U.S. government has introduced several bills to support the development of Digital Money. These include regulations on stablecoins and measures aimed at strengthening the industry by protecting the crypto sector from excessive regulation. These initiatives demonstrate Washington's growing recognition of cryptocurrencies.
In June of this year, the two major mortgage lending institutions were instructed to consider cryptocurrency investments as an important component of buyers' portfolios when applying for a mortgage. According to the latest poll, about 14% of American adults currently own at least some cryptocurrency.
Although real estate transactions using cryptocurrencies are still relatively rare, digital money is increasingly being seen as a payment option, especially among affluent groups. One of the major attractions of cryptocurrencies is their ability to allow buyers to better protect their privacy.
The company currently has a portfolio of properties willing to accept Digital Money, with a total value of over $1 billion. This includes a $118 million mansion in the Bel Air area of Los Angeles, as well as the unique minimalist residence "Invisible House" in Joshua Tree.
A property owner stated: "Accepting cryptocurrency indicates our openness to innovative buyers, some of whom are cryptocurrency millionaires and billionaires looking for tangible assets for investment diversification."
The company is in talks with several large banks, hoping to start accepting cryptocurrencies for home transactions that require financing. Company executives expect that within five years, cryptocurrency transactions will account for more than one-third of all residential real estate transactions in the United States.
This trend reflects that cryptocurrencies are gradually integrating into traditional finance and real estate sectors, bringing new possibilities and challenges for high-end property transactions.