The world as we know it has changed from what it used to be. And one of the driving forces behind this rapid change is the internet.
With the online revolution being evident, we have changed the way we communicate, learn, and spend money. Speaking of money, the cryptocurrency revolution is also real, and has proven that it is here to stay.
We now use crypto to buy stock, cars, jewelry, and even property. Yes, property!
So if you’re a Nigerian living in diaspora who wants to do business with a building and property management firm, but wishes to transact in cryptocurrency, then you’re reading the right article.
Here, we’ll be talking about cryptocurrency and real estate, so keep reading!
Advantages Of Buying Real Estate With Cryptocurrency
Buying property in crypto has many advantages, some of which we’ll be discussing below.
1. Crypto has user autonomy
One of the biggest issues with fiat currency transactions is that they are subjected to several restrictions and risks.
For instance, it can be vulnerable to boom and bust cycles, which can lead to bank crashes. This has happened several times in the past.
What this implies is that users are not really in control of their money.
This is one area where cryptocurrency transactions have the advantage, as its prices aren’t connected to government policies.
2. Crypto transactions are pseudonymous
A lot of online fiat currency transactions require a wide range of information to certify the identity of the person executing the transaction.
For instance, transferring payments from one person to the other can be done only when the information of both the sender and receiver have been verified.
The same can be said of online purchases, where the buyer is required to fill out some personal information before they can buy a product.
However, in the case of cryptocurrency transactions, you can keep your information private since you aren’t providing it to any intermediary.
3. They are conducted on a peer-to-peer basis
Another good reason you should buy real estate with cryptocurrency is that all transactions are strictly peer-to-peer. This means that you can send payments from anywhere in the world directly to the receiver without 3rd party interference or approval.