A young Venezuelan used the stablecoin Tether (USDT) to buy an apartment for $ 12,000 and then gave it to his mother. The transaction with the cryptocurrency for the sale of the property was carried out in the Anzoátegui state, located about 350 kilometers west of Caracas.
The parties involved used the Binance exchange to the sending and receiving of the funds, as reported to CriptoNoticias by Carlos Grau, operations manager of the real estate company Grau. According to the executive, the property is located in the Ciudad Bahía residential complex in Barcelona.
«An operation of this type through banks takes between eight and 10 days because you have to send a letter announcing that the funds will be received. However, when using cryptocurrencies the transaction was immediate, only two phones were necessary to close the deal. There is no risk of fraud or scams, everyone manages their own money “, explained Grau to this newspaper.
The spokesperson explained that the real estate market in eastern Venezuela is getting closer and closer to cryptocurrencies for the facilities they offer. In this case, it would be one of the first validation operations by a real estate agency and registered in the public registry. Other types of properties such as land, sheds or houses are also available for sale with digital assets.
Although the operations for the sale of real estate are already beginning to be carried out with cryptocurrencies, it must be clarified that in the document addressed to the public registry, the amount of the transaction must be denominated in bolivars. Another option is to write the amount in petros (PTR), but the registries are not accepting it that way, according to Grau.
Bitcoin operations are also accepted
Real estate brokers report to interested people that it is possible to operate with several cryptocurrencies. Those who own bitcoin (BTC), for example, can request information on payment methods, either through exchanges or direct transactions between wallets.
The advice offered by the promoters is that, in order to minimize the risks of volatility, stable cryptocurrencies or stablecoins with parity 1 be used : 1 with the United States dollar or with the euro. The operations are not limited to Binance, it is also possible to explore other options for buyers, reported Grau.
In some web pages specialized in the sale of real estate it is possible to observe offers of properties that accept bitcoin as a form of payment. A handful of these homes are located in cities of Venezuela.
As in the oil country, in other latitudes the commercialization of real estate is also approaching cryptocurrencies. CriptoNoticias reported in June of this year that in Argentina the supply of houses and apartments in exchange for bitcoin and other cryptocurrencies is also growing.
