17 Sep The future of cryptocurrency in homebuying
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The founder of a cryptocurrency firm has said it is becoming more and more common for people to purchase property with the digital money.
According to the man behind crypto investment fund Surge, Gary Ng, property investors are making a lot of money by paying with cryptocurrency such as Bitcoin.
He believes it will become a mainstream form of currency, as it already is in Japan where people are paying for goods over the counter with crypto.
However, he said people are currently uncertain of investing in cryptocurrency because of bad press.
Wanting to dispel myths about cryptocurrency, Ng said, “It’s just like any form of payment. If the seller is accepting cryptocurrency they would have an address like a normal bank account number you’d have a crypto address for people to send the payment to.”
For those wanting to purchase property, the buyer would need to have the total amount for the property…
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