Facebook Twitter Instagram
    Facebook Twitter Instagram
    Business News Bill
    SUBSCRIBE
    • Home
    • Finance

      Plan for Your Child’s Future with Term Life Insurance

      August 22, 2023

      Importance of FD investments in India

      August 22, 2023

      Collateral vs. Unsecured Business Loans: Choosing the Right Option

      August 30, 2023

      Boost Your Shopping Experience! Apply for a DBS Credit Card Online

      August 29, 2023

      How is Flexi Personal Loan a Convenient Solution for the New-age Borrower?

      July 26, 2023
    • Business

      Ypaelectronic: Pioneering the Future of Electronics with High-Quality ICs and Advanced Solutions

      August 19, 2023

      Top DevOps Trends

      August 17, 2023

      Starting a new business? Everything you need to know about managing cash flow.

      August 1, 2023

      Budget-Friendly Kitchen Appliances That Don’t Compromise on Quality

      July 25, 2023

      ATT PeopleTools for Optimal Performance

      July 24, 2023
    • Digital Marketing

      Portland’s Sales Talent Connection: Effective Sales Recruiting

      August 14, 2023

      Attract Seasonal Visitors with a Captivating Holiday Website

      August 1, 2023

      Everything You Need to Know About eVero Login

      April 17, 2023

      Plan Your Content: How To Create A Social Media Calendar (2023 Guide)

      February 24, 2023

      Ten Ways To Use Technology In Your Digital Marketing Campaigns

      February 9, 2023
    • Technology

      Top 5 Apple Watch Straps for Fitness Enthusiasts

      July 16, 2023

      The Future of Blockchain Technology and its Impact on the Financial Industry

      June 22, 2023

      The 10 Best Free YouTube to MP3 Converters in 2023

      June 6, 2023

      Benefits of Migrating to Microsoft 365 and How to Choose Best Microsoft 365 Migration Tool

      June 9, 2023

      HDIntranet Login: Simplifying Employee Access

      May 5, 2023
    • Shopping

      CopeRewards: Shop Online and Earn Exciting Rewards

      August 1, 2023

      Discovering the World of Designer Plush Toy

      January 11, 2023

      Don’t Let Winter Weather Stop Your Shipments

      October 25, 2022

      Things to Know About Laptop for Programming and Coding

      October 13, 2022

      Digital Catalog Publishing is Relevant for Lookbooks – Here’s Why

      September 26, 2022
    • Contact Us
      • About Us
      • Privacy Policy
      • Write For Us
      • Terms and Conditions
      • Disclaimer
    Business News Bill
    Home » Cryptocurrency: The Future of Real Estate Transactions
    Crypto

    Cryptocurrency: The Future of Real Estate Transactions

    Alexander LoganBy Alexander LoganJune 22, 2022No Comments3 Mins Read

    From Super Bowl commercials to reporting cryptocurrency purchases on your taxes, it’s becoming clear that cryptocurrency is becoming a mainstream phenomenon. While there are certainly still those who prefer not to invest in cryptocurrency, it’s undeniable that there are people who prefer its portability, security, and lack of a middleman in the form of a bank or other institution.

    But when it comes to real estate transactions, how does the housing market stand to shift if cryptocurrency continues to grow in power and influence? Well, a few different ways! Here are just some of the intriguing possibilities of how crypto could influence real estate.

    Crypto as a Payment Method

    While fiat currency, or the typical currency of a country, is still the norm for most real estate transactions, it is entirely possible that both sellers and buyers could benefit from listing a price in dollars and a price in one of the more popular cryptocurrencies, like bitcoin or Ethereum. These currencies are indeed volatile, but they are also a major holding of plenty of people, including those who are looking to buy a home. Making the buyer exchange bitcoin for dollars, for instance, locks their bitcoin value to that day’s exchange rate, but buying directly in bitcoin avoids that volatile approach. It stands to reason that buyers and sellers who are looking to cater to a crypto audience may offer or price in more than one currency in the future.

    Crypto for Person-to-Person Transactions

    Cryptocurrency is built on a ledger concept, where essentially a large variety of computer systems ‘witness’ each transaction so that there is a non-personal record that is constantly verified as accurate. These transactions are secure even without a bank or other lender making them so, and hacking ledgers is essentially impoosible. For this reason, future real estate purchases could happen with crypto, since the ledger verifies the money is paid and could take the place of escrow accounts, legal verifications, and other roles that typically add administrative costs to the purchase of a home. 

    Realizing the Human Element: What Do Homeowners Need?

    Cryptocurrency and its parent tech the blockchain both hold exciting potential for the future of real estate transactions. That being said, the wisdom and knowledge of real estate agents isn’t baked into the blockchain. So as agents consider a crypto-connected future, they are focused on building the strengths that they bring to the table: homeowners need someone who is truly in tune with pricing, value, and market conditions in a very small swathe of whatever town or city where they work. 

    They need someone who can coordinate, compromise, and be diplomatic when seller and buyer are hashing out the details. Fundamentally, it’s good for everyone if some portion of commission or fees gets shaved off and no one has to handle the bureaucracy and paperwork any more, all while keeping the real estate transaction clear and secure. But agents do have to reposition themselves if this future bears out, since every market shake-up leaves professionals showcasing what it is they bring to the table, just as robo-advisors did for traditional financial advisors. It’s possible to demonstrate value, but you have to be ready to do so!

    Share. Facebook Twitter Pinterest LinkedIn Telegram Reddit Email Tumblr VKontakte WhatsApp
    Previous Article5 Things You Didn’t Know Your iPhone Could Become
    Next Article All you need to know about construction PPE
    Avatar
    Alexander Logan
    • Website

    Alexander is a professional blogger and journalist, who frequently writes about business, finance, law, and technology to help people understand and know everything happening around them.

    Related Posts

    Magic Eden – Know About the Best NFT Marketplace

    January 17, 2023

    5 SEO Myths You Should Ignore in Your Crypto Business Strategy

    November 16, 2022

    Are stablecoins the answer to crypto volatility?

    November 15, 2022

    Can we really be anonymous on the internet?

    October 28, 2022

    How to earn interest in Crypto?

    October 10, 2022

    Scalping Trading Strategy

    September 29, 2022
    Add A Comment

    Leave A Reply Cancel Reply

    DMCA Protected
    Recent Posts

    Mastering Cubes Slot: A Guide to King Kaka’s Beloved Casino Game

    September 18, 2023

    The Ultimate Guide to Selling Your Distressed House Fast

    September 17, 2023

    An Unfortunate Reality: Local Gambling Operators Target Australian Women

    August 28, 2023

    Ypaelectronic: Pioneering the Future of Electronics with High-Quality ICs and Advanced Solutions

    August 19, 2023

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    Our Picks

    Mastering Cubes Slot: A Guide to King Kaka’s Beloved Casino Game

    September 18, 2023

    The Ultimate Guide to Selling Your Distressed House Fast

    September 17, 2023

    An Unfortunate Reality: Local Gambling Operators Target Australian Women

    August 28, 2023

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    Facebook Twitter Pinterest
    • About Us
    • Contact Us
    • Disclaimer
    • Privacy Policy
    • Terms and Conditions
    © 2023 Designed by BusinessNewsBill.

    Type above and press Enter to search. Press Esc to cancel.