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Business Actual Property Tiptoes Again Into Crypto — And This Time, It May Stick
For a quick second within the final cycle, it felt like crypto and industrial actual property had been headed for an actual collision course. Then the bubble burst, the scandals piled up, and conventional actual property gamers retreated to safer floor.
However at present?
Crypto is quietly creeping again into the true property dialog — and the strikes are getting extra critical.
Earlier this month, Miami-based builders Rilea Group and Cipres closed a roughly $529,000 bitcoin deal for a condominium unit at their under-construction Rider Residences challenge close to Wynwood. It was a direct wallet-to-wallet transaction — no banks, no conversions — simply crypto for keys.
Even the builders’ attorneys had been uneasy.
As Rilea Group President Diego Ojeda put it:
“We do assume that proper now could be the best second to essentially be embracing this… It’s changing into a way more frequent idea that you simply’re even listening to from the White Home.”
The truth is that after years of being handled like a punchline, cryptocurrency is as soon as once more discovering a foothold in actual property — this time bolstered by actual technological…
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