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First real estate purchase with Bitcoin in Colombia

Colombia’s real estate sector has hit a watershed moment in terms of cryptocurrency adoption, having made its first bitcoin purchase. After receiving a 0.03 BTC reserve payment a month ago, La Haus, an online real estate company, mediated this acquisition. The transaction was performed utilising Lightning Network through Opennode, a payment processor, because the buyer was not in Colombia at the time.

The purchase comes less than a month after the firm announced it will accept bitcoin for reservations and payments for each of the 160 apartments in Natura City, a Santa Marta development with 160 units available for sale.

This is not, however, the first time La Haus has made a cryptocurrency-based transaction. The company, which also has operations in Mexico, made its first crypto transaction in January when a woman from Peru purchased a house in Mexico.

In Latam countries like Venezuela, where automobiles and some properties are sold for USDT, cryptocurrency purchases in the real estate sector are becoming increasingly frequent. Last year, one of these transactions occurred in a coastal state of the country, where a buyer paid $12,000 for an apartment using USDT.

Can you imagine buying a house with Bitcoin in your country? Comment your thoughts.

Kunal Krishan
Kunal Krishan
Kunal is an investment space writer who firmly believes investment is something which should not be a choice but a part of everyone's life.
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