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Cryptocurrency transactions surge in Spanish real estate market

Cryptocurrency transactions surge in Spanish real estate market

Cointime2024/11/18 11:11
By: Cointime
BTC+0.68%

According to a report by Bitcoin.com, Enlace, a Spanish real estate technology company, revealed that the number of real estate transactions using some form of cryptocurrency as a payment method has significantly increased this year. The company found that these payment methods have advantages over traditional home buying methods, such as quick access to funds and savings compared to international bank transfers, resulting in a 15% increase in usage by 2024. This trend is particularly evident in major cities such as Barcelona, Madrid, and Valencia, where cryptocurrency transactions account for 60% of all transactions in the industry. Enlace predicts that approximately 6% of real estate transactions will involve cryptocurrency payments by 2024.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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