People can now buy and sell real estate with crypto on what's being billed as the first US bitcoin property marketplace
bringing together the newest asset class with the multi-trillion dollar US commercial and residential property markets.
Texas properties were the first to be listed this week. In June, real estate in"other select states" will be listed by agents, brokers, and sellers. The company in its statement didn't specify which states will carry listings. Transactions can be closed within one business day, which is about 50 times faster than current averages, the company said. The marketplace is open to people worldwide and is integrated withCommerce, a section of the crypto exchange that allows merchants to accept digital coin payments.
The platform will push innovation in both the crypto and real estate industries, Caleb Richter, MyEListing.com's CEO, said in a statement. "Real estate commerce needs to be changed. It's hard enough as it is to buy property in your local neighborhood, let alone in another state or country," he said.
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