Real estate platform Pacaso accepts crypto-assets for payments, CEO says mass crypto launch in full swing-

on October 20, the day on which Bitcoin reached a new all -time high, the real estate platform Pacaso announced that it would accept cryptocurrencies via Bitpay. The CEO of the real estate company, which supports people in buying and co -ownership of a secondary residence, Austin Allison, says that the company has recorded an increasing acceptance of crypto "in the entire real estate industry".

The real estate platform Pacaso now supports crypto payments

The company pacaso is a real estate platform founded by Spencer Rascoff and Austin Allison. Rucoff is known as a co -founder of the Zillow Group and as a co -founder of Hotwire.com. In October 2020, Rascoff founded together with Allison Pacaso, and the company is considered a real estate platform that facilitates the possession of a second home by using common property. Pacaso's business model is similar to the Timesharing model, but is also a little different.

"Forget Timesharing, with Pacaso you have a home, not just a time block," says the company's website. "You can book all year round, not every year. And resale? It is quick and rational, and you determine the price." Now the company has decided to accept crypto-assets via the payment platform for digital currencies based in Atlanta bitpay .

"Digital currencies and the blockchains that drive them are increasingly being accepted in the real estate industry, and a crypto payment option is a recurring topic in our discussions with potential buyers of second apartments," said Austin Allison, co-founder and CEO of Pacaso. "Since we expand internationally and make co -ownership of second apartments accessible to more people around the world, we look forward to being able to react to this demand and to be able to offer our customers as many payment options as possible."

The CEO of Bitpay sees more crypto transactions for "large purchases such as real estate"

In the announcement, it was described in detail that pacaso customers from a variety of digital assets such as Bitcoin ( btc ), ether) 3 href = "https://markets.bitcoin.com/crypto/ltc" rel = "noopener"> ltc ), bitcoin-bargeld ( BCH ), Dogecoin (Doge) and Wrapped Bitcoin (WBTC). In addition, Pacaso customers can also use five different stable coins. Stephen Pair, CEO of Bitpay, said that the company has been experiencing much larger transactions such as buying houses recently.

"We see that more transactions are made for large purchases such as real estate, as more and more crypto owners are spending and wanting to spend their lives with it. Pacaso makes a second home reality," said Pair on Wednesday. "The market potential for crypto is enormous, with $ 55 billion as an estimated value of the purchases that will make consumers with cryptocurrency in the next 12 months."

pacaso says that paying with crypto will be as simple as with Fiat, since customers can use their crypto-assets to use them as a "down payment in their house" and to finance the rest of the transaction or otherwise between crypto and. to divide up fiat currency. " Pacaso's CEO sees the mass introduction of crypto "good in motion" and with this home buyer will want to use a variety of payment options.

"Whether you hold Bitcoin, diversify from a dog-heavy portfolio or somewhere in between, Pacaso is here to help you realize your dreams from the second home," closed Allison.

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