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First Bitcoin Real Estate Transactions in New York City in Process

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Thu, 22/03/2018 - 18:53
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First Bitcoin Real Estate Transactions in New York City in Process
Cover image via U.Today
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Two condos in New York City are being purchased with Bitcoin, in what is believed to be the first Bitcoin real estate transactions in the city. The two condos are at 389 East 89th Street and are under contract for $875,000 and $1.5 mln. The real estate developer will be utilizing BitPay to facilitate the transaction, and will immediately receive his selling price in dollars. Many sellers across the country have made headlines by listing their homes for Bitcoin, but such sales make up only a tiny percentage of real estate transactions.

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Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

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