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Bitcoins for Real Estate Transactions

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A Manhattan-based real estate brokerage firm specializing in residential rentals and sales as well as commercial leasing, has announced it will now accept Bitcoin as payment for real estate transactions.

BOND New York is believed to be the first real estate brokerage to accept this fairly new form of currency.

Bitcoin is a consensus network that enables a new payment system and a completely digital money. It is the first decentralized peer-to-peer payment network that is powered by its users with no central authority or middlemen. From a user perspective, Bitcoin is pretty much like cash for the Internet.

Bitcoin is a secure and inexpensive way to handle payments. Client benefits of using Bitcoin for NYC real estate transactions include:

— Mobile payments made easy — no sign up, swiping or PIN needed.
— Security — Transactions are secured by military-grade cryptography. Nobody can charge anyone or make a payment on others’ behalf.
— Works anywhere, anytime
— Fast international payments
— Zero or Low fees
— Identity protection

“Right now a bitcoin is worth about $750. The currency is earned by computers solving complex mathematic equations first; so far about half of 21 million bitcoins that will ever be created have been created, and earned,” explains Noah Freedman, co-founder, BOND New York. “Bitcoin is a convenient and inexpensive way for our customers to transfer money so we see it as a win-win situation which will impact the real estate industry.”

“We are accepting Bitcoin as a service to our customers who prefer to use the digital currency as a matter of convenience. We are always looking for ways to serve our customers through technological advancement,” expounds BOND agent, Brian Dusseau. “In addition we have agents who would like to be paid in bitcoins if their customer pays us in bitcoins.”

Source: http://www.streetinsider.com/Forex/New+York+Commercial+Real+Estate+Broker+Begins+Accepting+Bitcoin+as+Payment/9017579.html

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