FNTX Capital Suisse and 355 Developments have joined forces to make it possible for hodlers of bitcoin (BTC), dogecoin (DOGE), and other cryptocurrencies to pay with crypto when they purchase luxury apartments in Portugal.
Dogecoin for Real Estate
In another exciting development for hodlers of popular meme crypto dogecoin (DOGE), Portuguese real estate firm, 355 Developments, is now accepting the digital currency as a payment option for its apartments, thanks to a partnership deal with FNTX, a Switzerland-based fintech company.
In addition to accepting Elon Musk’s dogecoin, the initiative will also support established cryptocurrencies like bitcoin (BTC), cardano (ADA), and ether (ETH), with the team making it clear that anyone interested in purchasing 355 Developments’ luxury apartments can do so directly from the FNTX Real Estate Exchange platform.
To kickstart the “crypto for real estate” initiative, the team has listed three luxury apartments for sale on the FNTX platform, including a two-bedroom apartment in Lisbon’s business hub (priced at 14.112 BTC), and a luxury duplex penthouse in the city centre (45.098 BTC or 5.6 million DOGE).
Crypto Payments Gaining Global Recognition
Incorporated in August 2020, FNTX claims to leverage its years of experience in banking and payments, regulation & compliance, and the digital assets industry to offer its clients fully compliant cryptocurrency products and services.
Notably, the firm hopes its existing products will combine excellently well with the 355 Developments’ real estate offerings to streamline the industry and provide developers and investors with more investment options.
Commenting on the development, David Rabbi, Co-Founder of FNTX said:
“What ultimately takes place now will say a lot about the future of both the property business, the world’s largest asset class, and the blockchain ecosystem.”
Indeed, bitcoin and altcoins are increasingly gaining grounds in the real world as legit payment options, as hundreds of businesses around the globe now accept one cryptocurrency or the other and the trend will definitely continue way into the future.
As reported by BTCManager earlier in April 2021, United States-based real estate heavyweight, Caruso Properties integrated bitcoin (BTC) into its operations as a legitimate payment option for occupants of its properties, while also investing a portion of its balance sheet in the digital currency.
At press time, the bitcoin price is down by 11.52 percent in the past 24-hours, trading at $49,683, with a market cap of $929.17 billion, as seen on CoinMarketCap.
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