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The first real estate purchase with Bitcoin was recorded in Columbia last week. The company, called the haus, sold a property in Santa Marta to a buyer who was not in Colombia at the time of purchase. While Colombia is just beginning to consider bitcoin for real estate payments, in neighbouring countries like Venezuela, it is increasingly common to use crypto for such transactions.
Colombia makes its beginnings in real estate purchases with Crypto.
The real estate sector in Colombia has reached a milestone when it comes to using cryptocurrency, after registering its first purchase with bitcoin. La Haus, an online real estate company, mediated in this purchase after having received a reserve payment for 0.03 BTC a month ago. The purchase was recently made by a buyer who was not in Columbia, so the transaction was completed using the opennode lightning network, a payment processor.
The purchase comes roughly one month after the company announced it would accept bitcoin for reservations and payments for each one of the apartments in Natura City, a development located in Santa Marta with 160 units ready to be sold.
Crypto for home payments.
The leaders of La Haus said they are working on expanding and using these payments for developments throughout the country. On this point, Jehudi Castro, Vice-President of La Haus for the Future and Innovation, said:
The fact that this type of transaction took only a month to be carried out in Colombia testifies to the unsatisfied need that existed. We are working to provide this type of alternative to the rest of the country, such as payment methods and how to invest, do not constitute an obstacle to access to residential properties.
However, this is not the first time that the haus has completed a cryptocurrency-based purchase. The company, which also operates in Mexico, recorded its first crypto purchase in January when a property in Mexico was acquired by a woman living in Peru.
Cryptocurrency purchases in the real estate sector are also becoming more and more common in Latam countries like Venezuela, where cars and some properties are being sold for USDT. Last year, one of these purchases occurred in a coastal state of the country, where a buyer used USDT to acquire an apartment for $12,000.
What do you think about the use of bitcoin and other cryptocurrencies as a payment method for real estate purchases? Share with us in the comments section below.
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