The purchase and sale of real estate with cryptocurrencies is increasingly popular in Argentina. While doggy tokens are barking loudly to reach mainstream adoption.
A real estate company in Argentina is adopting the Shiba Inu puppy meme cryptocurrency among its payment methods.
The real estate agency Candoli Properties, which offers property purchase / sale and rental services throughout the Argentine territory, announced through its social networks that it is accepting the token Shiba Inu (SHIB). The news medium U.Today reported first.
The addition of the popular canine-like coin means the agency’s clients can now buy, sell and rent homes using their SHIB funds. Headquartered in Santa Clara del Mar, a town located on the Atlantic coast of Buenos Aires, Candoli Properties It had already announced in August of this year that it was accepting cryptocurrencies within its payment methods.
The Argentine company also accepts payments with Bitcoin (BTC) Ethereum (ETH), Cardano (ADA) and the stablecoin Tether (USDT), according to a publication of his official account of Facebook.
Cryptocurrencies for the purchase of real estate in Argentina
Candoli Properties, which also offers real estate sales services in the United States, is far from being the first real estate agency in Argentina to choose to incorporate payments with digital currencies. In fact, the use of such assets has become quite popular in the South American country due to high inflation and the local economic crisis.
According to a report from the local media The nation, which consulted industry experts, queries for the purchase and sale of real estate with cryptocurrencies grow every day in the country. Beyond the accelerated devaluation of the local currency, some of the reasons cited for the growth of this trend are the agility and security that digital currencies can provide for payments in this area, as well as the new investment possibilities that these open assets.
Argentine companies such as the consultant Global Investments and the real estate project Line Ocampo are some of those that have already begun to incorporate cryptocurrencies. This year, the Latin American e-commerce giant Free market It also incorporated the option of digital currencies to its section for buying and selling real estate in Argentina.
Puppy tokens bark for adoption
The use of crypto assets for home purchases is becoming increasingly popular around the world, and doggie cryptocurrencies are no stranger to this trend. In Lisbon, Portugal, you can now buy luxury apartments with Dogecoin (DOGE), the largest digital currency with a canine image by market capitalization.
Promoted by billionaire Elon Musk, Dogecoin has made significant progress in terms of adoption. Beyond real estate, several prominent brands have embraced cryptocurrency, including AMC, the world’s largest movie chain, which recently said it will start accepting DOGE in early 2022.
But other doggy-themed assets that seek to mimic DOGE’s sudden success have also become very popular. The self-styled “dogecoin killer“Shiba Inu, it has been the one that has attracted the most attention in recent months. The token based on Ethereum It has become a trend on social media and is also achieving rapid commercial adoption around the world.
The main cryptocurrency exchanges, such as Binance and Coinbase, have been quick to tokenize on their trading platforms. Also online commerce applications eToro and Public have incorporated SHIB amid growing demand and the token’s meteoric price surge.
Article by Hannah Estefanía Pérez / DailyBitcoin
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