Bitcoin in Real Estate
There have been a number of questions in the commercial real estate circles asking if we will see cryptocurrencies (digital currency – what most of us call Bitcoin) used as a form of payment in the commercial real estate industry. Much of the opinions have been “yes, but not now”. According to this article in today’s Wall Street Journal, the answer is actually, “yes, in fact they are using it as we speak”! Limited…but being used nonetheless. Payment of rent, purchase of property. States beginning to use blockchain technology.
Interesting quick read! See attached WSJ article: Bitcoin is Creeping Into Real Estate Deals