MercadoLibre now sells properties that can be paid with crypto

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The Mercado Libre e-commerce will allow real estate agencies to publish properties such as apartments, houses, land, lots and premises in Bitcoin. How the buying and selling of real estate in cryptocurrencies works.

Today, Mercado Libre announced that it will accept property ads in cryptocurrencies . From now on, it will be possible to access properties with Bitcoin through the platform, and there will be an exclusive section of properties listed in cryptocurrencies.

“We are always attentive to the changes that occur in the market. Bitcoin offers multiple advantages for real estate operations, both for the buyer and the seller,” said Juan Manuel Carretero, commercial manager of vehicles, real estate and services at Mercado Libre, during the official announcement.

In the new section, Mercado Libre allows users to find apartments “for less than 2 Bitcoins.” The publications will continue to appear in US dollars but it will be possible to contact the real estate agency directly and pay them in Bitcoin since they accept payment methods in cryptocurrencies.

Like crediting the traditional destination account, the Bitcoin transfer is done immediately because there are no limits and the costs are much lower compared to the traditional system . This is how Mercado Libre explains it: “The conversion is done on the day of the operation and you must notify that you are going to make the transaction in Bitcoin.”

The offer includes apartments, houses, phs, lots and land , among others, in the City of Buenos Aires, Greater Buenos Aires, Santa Fe and Córdoba . To see all the properties published by Mercado Libre in cryptocurrencies, click on this link .

The announcement was made by Mercado Libre in a webinar where more than 300 real estate agencies in the country participated and the Argentine unicorn hopes that the new feature will exponentially increase the offer.

At the moment, properties from seven real estate agencies and a total of 75 properties will be available . Mercado Libre hopes to attract more real estate agencies in the sector because, according to Carretero, Bitcoin is “far from being a fad” but rather “it is a trend that will consolidate over time.”

In this context, the Argentine Real Estate Chamber (CIA) is already aware of payments in cryptocurrencies and there are already players in the country that encourage operations with digital currencies.

The president of the Chamber, Alejandro Bennazar, assured that “cryptocurrencies are the future” and announced that they have already begun to train real estate agents so that they can offer payments in cryptocurrencies . However, operations are still very few but consumer interest is growing.

WHAT MARCOS GALPERIN THINKS ABOUT BITCOIN

Mercado Libre’s entry into the crypto world was something to be expected: at the beginning of the year, the founder of the Argentine unicorn, Marcos Galperin, spoke out in favour of Bitcoin and revealed that he bought cryptocurrencies in 2013 when it was around US$70.

Furthermore, the Argentine businessman considers that Bitcoin is a better store of value than gold: ” I think that Bitcoin as a store of value is better than gold. However, it will not replace legal tender currencies due to the energy cost required to process your transfers. Quantum computing could change that,” Galperin once said.

THE TREND GROWS: HOW TO BUY PROPERTY IN CRYPTOCURRENCIES IN ARGENTINA

Months ago, e-commerce platforms emerged that only allow publications in cryptocurrencies. One of them Crypto Notices , where real estate, vehicles, products, services, NFTs and devices for mining are sold and only accepts prices expressed in cryptocurrencies.

But are not the only ones. The community of Bitcoin users in the country, with a less public profile than that of companies, has long been dedicated to trading real estate with cryptocurrencies.

The marketing of real estate through social networks is also possible, and in recent months, in different Facebook groups, users began to offer land, apartments, lots and houses.

Source: The Chronicler

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