Bitcoin's opportunities and challenges in real estate


Today, listings from one coast to another tout Bitcoin as a way to make a property transaction. A new collection of haute residences in Hollywood with Los Angeles skyline views go for $1.21 million or its Bitcoin equivalent; in Washington, D.C., two-bedroom condos are on the market for between 36 and 84 Bitcoins. In Austin, the seller of one ranch is offering a “signficant discount” if the buyer pays with Bitcoin.



Great longform piece by Andrew Zaleski for Curbed on how Bitcoin, blockchain technology, and other cryptocurrencies have changed—or not—the real estate industry. "While there are laws in Arizona and Vermont that allow blockchain technology to play key parts in property sales and proving property ownership, in most states, aspects of the process still involve traditional financial institutions—and Bitcoin as a currency isn’t necessarily a safe enough bet for the relatively risk-averse world of real estate."

Alexander Walter via Archinect - News http://bit.ly/2GfAy6P

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