The integration of Crypto into the traditional financial system is in high gear. Another industry embracing digital payment options is the real estate sector.
In the US, home buyers in Miami, FL, can buy homes on Crypto mortgages at a repayment period of 30 years. The trend is now being replicated in the Canadian City of Quebec, where a real estate developer Ray Junior Courtemanche, is accepting Crypto payments.
The high-end project is in Cité Mirabel, Quebec, and is called SKYBLÜ Condos. It comprises three towers, and the project’s construction cost is 2 billion CAD. The project is the tallest residential building in the Laurentians region. It is also the winner of the high-rise “Prix Construire” award from the ACQ (Association de la construction du Québec).
A Fintech Firm Supports the Crypto Payment
Dello, a Montreal fintech company, will support Ray Junior Courtemanche to accept the Crypto payment for the condos.
Dello offers crypto POS systems that enable businesses to accept digital payments and cash receipts. With Dello, enterprises can accept cash payments directly to their bank account in real-time. On the other hand, international buyers can pay in Cryptos, which offers an ideal option for circumventing the lengthy financial intermediaries and bureaucratic financial processes of anti-free commerce.
The app is available on PlayStore, and business owners can use the platform for in-store and online transactions. Transactions are low, and businesses do not incur extravagant overhead costs.
Use of Cryptos is Gaining Prominence
According to Courtemanche, more people are using Cryptocurrencies. In the UK alone, that number is sitting at 5 million and rising at an astronomical rate. Hence, businesses need to embrace solutions that enable them to accept Crypto seamlessly for their client’s convenience.
Dello enables the real estate company to offer a payment option that is secure and reliable as well. Courtemanche, therefore, advocates for more investment into blockchain and Crypto to benefit the real estate sector.
Home Buyers Can Pay in Select Cryptos
Dello supports crypto payments in Bitcoin, Ethereum, and Bitcoin Cash. Although the market is bearish, the market confidence in Cryptos is still rising according to the fear and greed index.
In the meantime, the market dominance of the three Cryptocurrencies is more than 60% of the market capitalization.
On Coinmarketcap, Bitcoin is trading at $20,000, and the value has grown by almost 3% in the last 24 hours. Ethereum is also bullish and has surged to $1,102.47 in the same period as the market turns green following the BTC rally. Lastly, BCH is quoted at $101.04 amid the downward pressure.