Colombia registers first property purchase with Bitcoin - Emerging Markets

The first property purchase with Bitcoin was registered in Colombia last week. The company called La Haus sold a property in Santa Marta to a buyer who was not in Colombia at the time of buying. While Colombia is just starting to consider Bitcoin for real estate payments, it is becoming increasingly common in neighboring countries like Venezuela to use crypto for such transactions.

Colombia for the first time leads real estate purchases with crypto

The real estate sector in Colombia has achieved a milestone in terms of the use of cryptocurrency after registering his first purchase with Bitcoin. La Haus, an online real estate company, mediates in this purchase after receipt of a reserve payment for 0.03 bitcoin a month ago. The purchase was recently completed by a buyer who was not in Colombia, so that the process was completed with the help of Lightning Network via Openode, a payment processor.

The purchase comes about a month after the company Accept payments for each of the apartments in Natura City, A Development in Santa Marta with 160 units that are ready for sale.

Crypto for Real Estate Payments

managers from La Haus stated that they work to expand these payments and use it for developments across the country. Jehudi Castro, Vice President for Future and Innovation at La Haus:

The fact that this type of transaction in Colombia only took a month speaks for the unsatisfied need. We are working on bringing this type of alternative to the rest of the country so that the payment methods and the type of investment do not represent an obstacle to access to home ownership.

However, this is not the first time that La Haus makes a cryptocurrency -based purchase. The company, which also works in Mexico, registered his first crypto purchase in January when a woman living in Peru acquired a property in Mexico.

cryptocurrency purchases in the real estate sector are also becoming more and more common in Latin American countries such as Venezuela, where cars and some properties are sold USDT . Last year one of these purchases took place in a coastal state of the country, where a buyer was used usdt to acquire an apartment for $ 12,000.

What do you think of the use of Bitcoin and other cryptocurrencies as a payment method for real estate purchases? Tell us in the comment area below.

Sergio Göschenko

sergio is a cryptocurrency journalist based in Venezuela. He describes himself as late in the game and entered the cryptosphere when the price increase took place in December 2017. He has a background as a computer engineer, lives in Venezuela and is affected by the cryptocurrency boom on a social level. It offers a different perspective on the crypto success and how it helps those who have no bank account and are under-supplied.

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