Now you can buy real estate in Brazil with bitcoins

Gafisa, one of Brazil’s largest real estate developers, is now accepting bitcoins as payment for real estate purchases.

According to Foxbit, which provided the technological solution in the form of a payment gateway, one of the reasons why the developer took this step was the desire to eliminate intermediaries in the long and complex chain of apartment sales.

It is worth noting that Brazil ranks sixth in the world in terms of the number of transactions on the bitcoin blockchain — the country regularly experiments with cryptocurrencies, and the authorities have not yet started to apply strong regulatory pressure.

Earlier, a developer from the UAE announced the launch of bitcoin payments. And recently, an apartment in Portugal was sold for BTC.