Turning crypto consumers into homeowners is no impossible feat. With crypto payments moving into the real estate industry, a lot of people are on the hunt for the option of buying a home or property with their accumulated decentralized funds. How will that work and what does the future hold for the highly competitive, highly coveted industry? ForumPay has the solution – read more to find out.
Why Buy Property With Crypto
Before jumping into the “hows” and “whats”, let’s start with the “whys”. Why would someone want to purchase property with crypto? For starters, using ForumPay’s crypto payment processing gateway; it is more convenient for a customer to pay directly from the wallet of their choice in crypto, rather than sending crypto to an exchange, selling it, and moving the funds to their bank account. Second, it’s the fastest-growing consumer segment by a landslide.
How To Buy Property With Crypto Through ForumPay
It may seem like a far-fetched idea, but buying a house or property with crypto through ForumPay is straightforward.
- Buyer deposits funds with the real estate agency using their preferred wallet and crypto.
- ForumPay instantly converts the crypto into fiat at the best execution rate available the moment the transaction takes place.
- ForumPay settles payments to the real estate agency on the next business day who then closes the transaction.
What Does The Future Hold For Real Estate And Crypto?
It’s a relatively new concept with room to grow and change the stakes of real estate for the future. Without all the whatnots about the current real estate market – it’s safe to say that it’s time to start looking to the future of financial services.
As more people are consuming and circulating cryptocurrencies for anything from saving, to spending, to staking – it’s no longer a risk to be involved in the crypto industry, but instead the contrary. It’s time to look at it as the next step in financial evolution – starting mainly with real estate amongst the long list of industries.
Not only that, but the demand is growing; institutional and individual investors alike continue to invest with a collective crypto market value of +3.4 trillion (yes, trillion!) and growing. ForumPay makes crypto payment processing easy, instant, and headache-free. As stated above, instead of suffering fees to cash out (and likely turning your funds into a taxable event), crypto consumers can simply pay directly from their wallet and the agency gets paid in the fiat currency of their choice. No risk of timely transactions resulting in value fluctuation. Plus ForumPay processes a transaction at the best possible rate available at the moment of purchase. Therefore everybody wins and implementing crypto payments for big purchases is risk and pain-free.
This excerpt is only skimming the surface of crypto involvement in real estate. Stick around for more articles in our blog or newsletter elaborating on the subject. Take our word for it; it’s definitely worth discovering!