2021-10-21 20:29 |
Pacaso, the leading real estate platform that helps people buy and co-own a second home, today announced that it will begin accepting cryptocurrency as a payment option for ownership shares in second homes offered through its platform. In an industry first, aspiring co-owners will now be able to pay for their second homes with Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Bitcoin Cash (BCH), Dogecoin (DOGE), Wrapped Bitcoin (WBTC), and a number of other cryptocurrencies, including five USD-pegged stablecoins.
Crypto payments will be facilitated by BitPay, a leading crypto payment service provider, allowing buyers to use the wallet and coin of their choice.
“Digital currencies and the blockchains that power them are seeing increased adoption across the real estate industry, and a crypto payment option is a recurring topic in our conversations with prospective buyers of second homes,” said Austin Allison, Pacaso’s Co-founder and CEO. “As we expand internationally and put second-home co-ownership within reach for more people across the globe, we’re thrilled to be able to respond to that demand and extend as many payment options as we can to our customers.”
“We are seeing more transactions being made for large purchases like real estate as more crypto holders want to spend and live their life on crypto. Pacaso makes a second home a reality,” said Stephen Pair, CEO of BitPay. “The market potential for crypto is huge, with $55 Billion as the estimated value of purchases consumers will make using cryptocurrency in the next 12 months.”
Pacaso’s BitPay payment integration makes paying for a second home with cryptocurrency as seamless as paying with fiat currency. Buyers are free to use cryptocurrency as a down payment in their home, and finance the remainder of the transaction, or otherwise split payment between crypto and fiat currency, with the help of streamlined invoicing tools. To pay, buyers simply select their preferred wallet or exchange; choose a cryptocurrency; and either scan a QR code or manually enter payment details into their wallet.
“With mass adoption of digital currencies well underway, increasing numbers of second-home buyers will demand a full range of payment options,” Allison continued. “Whether you’re HODLing Bitcoin, diversifying out of a DOGE-heavy portfolio, or somewhere in between, Pacaso is here to help you realize your second-home dreams.”
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