• Hausa Edition
  • Podcast
  • Conferences
  • LeVogue Magazine
  • Business News
  • Print Advert Rates
  • Online Advert Rates
  • Contact Us
Sunday, March 26, 2023
Leadership News
Read in Hausa
  • Home
  • 2023 ElectionsLive
  • News
    • World News
  • Politics
  • Business
  • Sports
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Others
    • How-to
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
  • Home
  • 2023 ElectionsLive
  • News
    • World News
  • Politics
  • Business
  • Sports
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Others
    • How-to
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
Leadership News
No Result
View All Result

Top Advantages of Using Bitcoin in Real Estate – Expert

by Our Correspondent
11 months ago
in News
Reading Time: 3 mins read
How Bitcoin Differs from Electronic Money – Experts
Share on WhatsAppShare on FacebookShare on TwitterTelegram

Bitcoin is a digital currency created in 2009 by Satoshi Nakamoto, and it enables one to make financial transactions free of fees and the interference of banks. In simpler terms, this virtual asset is entirely decentralized. Partnerships with platforms like bitcoin-up.live can help you boost your profits and improve your overall trading experience.

People can use this digital currency to purchase many things online, and recently, they started using it in the real estate sector. Bitcoin is indeed making its way into property transactions if you want to purchase or sell using this digital currency.

Fortunately, you are not alone. Buyers can buy a house using this digital money, while sellers have the option to accept payment in the form of this virtual money. Below are the benefits of using Bitcoin in real estate.

Low-cost Money Transfers

Bitcoin transactions are much cheaper than fiat cash. That’s because Bitcoin transfers don’t involve third-party charges, such as bank fees. Instead, Bitcoin’s blockchain verifies and compiles transaction data independently. Usually, the Bitcoin transaction fee is only 1% of the transferrable Bitcoin amount, much less than what you will pay when using a credit card or conventional bank transfer. Consequently, property buyers can cut costs, saving them a lot of money during real estate transactions.

Secure and Transparent Transactions

RELATED

Govs-elect, Others To Get Certificates Of Return Next Week

Govs-elect, Others To Get Certificates Of Return Next Week

3 hours ago
Ex-President Obasanjo Speaks On ‘Igbophobia’, Soludo, Okonjo-Iweala’s Appointments

Ex-President Obasanjo Speaks On ‘Igbophobia’, Soludo, Okonjo-Iweala’s Appointments

3 hours ago

Bitcoin also eliminates fraudulent ownership, ensuring greater transparency and security for all parties involved in the transaction. The underlying blockchain technology records and validates all the transactions on the network without any third-party interference. More so, blockchain stores the data on a digital public ledger which is only accessible to the users. The blockchain record is permanent, and even users cannot change the details.

Bitcoin users also have encrypted private keys for securing and accessing their digital wallets. Moreover, Bitcoin allows property owners to store their real estate assets in the same digital wallets that manage their Bitcoin holdings. Bitcoin integrates intelligent contracts that can eliminate the number of brokers and banks, attorneys, and underwriters from real estate transactions, reducing costs and security risks.
This digital asset shared digital ledger is a reference for resolving money transfer disputes between property developers and buyers. Moreover, the digital ledger also promotes trust between the parties by ensuring they transact with utmost transparency.

Better Confidentiality

Conventional payment methods such as cash and credit cards usually involve third parties. As a result, making it difficult is lt to maintain confidentiality in transactions. On the contrary, this virtual asset offers the best way to resolve such users as users can transact anonymously without revealing personal information or identities.

Besides, the private keys ensure that only the owners of the digital wallets access the Bitcoin holdings in their wallets and transaction history.

Faster Payment Processing

Traditional payment systems are subject to various government and statutory regulations, which usually contribute to significant delays in processing real estate payments. Sometimes, both parties involved in the transactions must be physically present to authenticate money transfers. Bitcoin money exchanges exclusively occur on the network electronically, which often lasts just a few minutes to complete. Besides, blockchain technology also allows the immediate transfer of the property title, saving both parties time.

Enables Investment

By lowering real estate fees and improving online security, the blockchain helps encourage investment in real estate. Another way is through fractional ownership. Rather than saving a considerable amount of money to acquire a property, investors could buy and sell fractions of their real estate tokens instead. As a result, the property market would move closer to line with how the stock market works.

Conclusion

As much as Bitcoin is still new, it has significantly impacted the real estate industry. The above benefits have proven that the technology is here to stay.

SendShareTweetShare

paygate
Previous Post

 I want To Make Timeless Music, Make My Fans Proud – Sosay Adonis

Next Post

Investment Mistakes You Shouldn’t Make, According to Experts

Our Correspondent

Our Correspondent

YOU MAY LIKE

Govs-elect, Others To Get Certificates Of Return Next Week
News

Govs-elect, Others To Get Certificates Of Return Next Week

3 hours ago
Ex-President Obasanjo Speaks On ‘Igbophobia’, Soludo, Okonjo-Iweala’s Appointments
News

Ex-President Obasanjo Speaks On ‘Igbophobia’, Soludo, Okonjo-Iweala’s Appointments

3 hours ago
Lagos Gov’t Identifies 349 Distressed Buildings, Issues 90-Day Ultimatum To Owners
News

Lagos Gov’t Identifies 349 Distressed Buildings, Issues 90-Day Ultimatum To Owners

4 hours ago
Next Post
Investment Mistakes You Shouldn’t Make, According to Experts

Investment Mistakes You Shouldn't Make, According to Experts

ADVERTISEMENT

LATEST UPDATES

Govs-elect, Others To Get Certificates Of Return Next Week

Govs-elect, Others To Get Certificates Of Return Next Week

March 25, 2023
Ex-President Obasanjo Speaks On ‘Igbophobia’, Soludo, Okonjo-Iweala’s Appointments

Ex-President Obasanjo Speaks On ‘Igbophobia’, Soludo, Okonjo-Iweala’s Appointments

March 25, 2023
Lagos Gov’t Identifies 349 Distressed Buildings, Issues 90-Day Ultimatum To Owners

Lagos Gov’t Identifies 349 Distressed Buildings, Issues 90-Day Ultimatum To Owners

March 25, 2023
Nextier Polls: Tinubu’s Reaction Concedes Victory To Me – Atiku

Outcome Of 2023 Presidential Election Remains Illegitimate – Atiku

March 25, 2023
Driver Attacks Medical Doctor With Cutlass Over Son’s Death In Ondo Hospital

Driver Attacks Medical Doctor With Cutlass Over Son’s Death In Ondo Hospital

March 25, 2023
2023 Election Outcomes: DSS Warns Against Inciting Statements To Cause Violence

2023 Election Outcomes: DSS Warns Against Inciting Statements To Cause Violence

March 25, 2023
Sanwo-Olu Approves N5m Compensation To Uber Driver Assaulted During EndSARS Memorial

Sanwo-Olu Approves N5m Compensation To Uber Driver Assaulted During EndSARS Memorial

March 25, 2023
Britain Trains NDLEA Marine Officers In Tackling Drug Crimes At Sea

Britain Trains NDLEA Marine Officers In Tackling Drug Crimes At Sea

March 25, 2023

© 2023 Leadership Media Group - All Rights Reserved.

No Result
View All Result
  • Home
  • 2023 Elections
  • News
    • World News
  • Politics
  • Business
  • Sports
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Others
    • How-to
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us

© 2023 Leadership Media Group - All Rights Reserved.