Christie’s International Real Estate Opens the Door to Crypto-Funded Mansions
Main Idea
Christie’s International Real Estate has started accepting cryptocurrency for high-value property transactions, following successful sales like a $65 million home purchased with Bitcoin, and has formed a dedicated team to handle such deals.
Key Points
1. Christie’s International Real Estate is now accepting cryptocurrency for property purchases, including a $65 million home in Beverly Hills bought with Bitcoin.
2. The company has created a specialized team of legal and crypto experts to facilitate cryptocurrency transactions.
3. Currently, Christie’s is offering around $1 billion worth of high-priced properties in areas like Los Angeles and Joshua Tree for crypto purchases.
4. CEO Aaron Kirman noted that cryptocurrency is not yet a common method for real estate transactions due to blockchain-related complexities.
5. The decision to accept crypto follows a few successful sales, indicating a growing trend in high-value crypto transactions in real estate.
Description
Christie’s International Real Estate , an auction house based in the UK, has introduced a new service that enables people to buy and sell homes using cryptocurrency .
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