![]() Gaucho Group Holdings, Inc. (NASDAQ:VINO) BREAKING NEWS: GAUCHO GROUP HOLDINGS ANNOUNCES FIRST VINEYARD ESTATE LOT SALE IN CRYPTOCURRENCY - Algodon Fine Wines, a company that includes a growing collection of e-commerce platforms with a concentration on fine wines, luxury real estate, and leather goods & accessories, today announced its luxury residential vineyard real estate project, Algodon Wine Estates, had completed its first lot sale utilizing cryptocurrency.Ĭryptocurrencies, decentralized digital currencies void of a central bank or single administrator, can be transferred from user to user on the peer-to-peer cryptocurrency network without the need for any intermediaries. Some believe Bitcoin, Ethereum and other types of cryptocurrency and real estate are a powerful combination that will shape the industry for years to come." Another advantage in using cryptocurrency to purchase or sell a home is that the transaction can be completed and the closing on the property can be finalized in less time than a traditional real estate sale funded by a bank… Cryptocurrency and real estate transactions are quickly becoming more common as buyers and sellers responsibly take advantage of this safe, secure and swift finance option. The power, openness and security of the blockchain are also being explored by industry stakeholders as a viable option for recording property titles and transfers during the sales process. Property buyers are now paying with cryptocurrencies while sellers have the option to accept the digital currencies directly or have them converted into USD. From home services to purchases and sales, the industry is exploring various ways to use cryptocurrencies. The article continued: "Bitcoin and other popular cryptocurrencies like Ethereum are being used to purchase real estate all over the world. (NASDAQ: COIN), the AdvisorShares Sage Core Reserves ETF (NYSE: HOLD), Argo Blockchain plc (NASDAQ: ARBK). Active Companies in the markets today include Gaucho Group Holdings, Inc. (NASDAQ: VINO), Grayscale Bitcoin Cash Trust (OTCQX: BCHG), Coinbase Global, Inc. ![]() For instance, a smart contract will state that when a consumer pays the supplier a set amount of Ether tokens, the supplier will provide the consumer with a product or service. Ethereum is another form of cryptocurrency that uses smart contracts to complete transactions. ![]() As this currency is exchanged between parties, a block of information is added to a publicly viewable chain of data that keeps a record of all transactions made via blockchain technology. A recent article on real estate said about this new surge: "Bitcoin is known as the first and most stable decentralized cryptocurrency in the world. In fact, some believe that cryptocurrency will revolutionalize the future of real estate transactions. ![]() Buying a home with cryptocurrency like Bitcoin is becoming more common. The growing popularity of cryptocurrencies like Bitcoin and Ethereum has enabled some individuals to sell or buy a house with cryptocurrency as the sole medium of exchange. ![]() One of the emerging technologies of the last decade is cryptocurrency. The real estate industry is changing dramatically as new technologies and services influence the way society completes real estate transactions. 9, 2021 /PRNewswire/ - More and more real estate transactions are being purchased, listed and sold with Bitcoin, Ethereum and other cryptocurrency as they become more popular and socially acceptable. Experts Believe Cryptocurrency is Expected to Revolutionize the Future of Real Estate Transactions ![]()
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