Real Estate Marketing & Beyond
With the world currently in the depths of the ever-evolving internet age, there are a wide range of technological developments that have recently reformed the structure of real estate investment. One such development comes from digital currencies such as Bitcoin and Ethereum. Originally derided as short-lived, these cryptocurrencies have stood the test of time to become a major force in national and international finance.
Despite this progress, there are still significant misunderstandings and misgivings when it comes to just how widespread these currencies are, where they came from, and what they can accomplish.
While they are revolutionary in some ways, the basis for these comes from the
already established market revolving around online monetary storage and
payment. The predecessors for these came from payment processors and e-wallets
like PayPal and Skrill, online payment systems which helped prove the mass
viability of digital storage systems.
eBay was a significant contributor here, as it purchased PayPal in 2002 and put it to work as one of the most useful systems in buying and selling a wide range of goods. Also making a good start in terms of public visibility and viability were online casinos, where the likes of LeoVegas and Guts incorporated digital payment methods, inviting new users through bonuses like free spins and deposit bonuses.
Cryptocurrency itself doesn’t work off of fiat currencies as these other examples, and its unproven nature makes new user's initial caution understandable. Since the point of first release in 2009, cryptocurrency, led by Bitcoin, has shaken off at least some of this apprehension, rising from curiosity to widely accepted means of digital transaction.
Leading the way for acceptance on the highest financial stage is Grupo XP, Brazil’s largest brokerage. Opening themselves for Bitcoin and Ethereum trading in 2018, Grupo led the way to mass proliferation like nothing before, raising public trust and visibility to a level never before experienced for the still-growing market.
So, can crypto-trading actually be useful for real estate?
While it still has some distance to cover before it becomes anywhere as ubiquitous as fiat currency, the answer is still overwhelming yes. Websites covering the direct trading of good and services for cryptocurrencies have been available for some time, and this development also applies to the property market.
Major websites like Bitcoin Real-estate offer enormous opportunities for investment on this front and are available for Bitcoin, Ethereum, and Litecoin. The properties here cover dozens of countries and range from cheap rental properties to luxurious penthouses, and everything in-between.
The key here, as with any type of financial trading, is to first become intimately familiar with the current standing and trajectory of your selection cryptocurrency market. The volatility of some of these currencies might make losses sudden and unexpected, but this also cuts in the other direction. Savvy investors can make an enormous profit in this area with only little turnaround, should they strike while the iron is hot.
Even if the market is not yet one with which you feel comfortable, you should at the very least keep a close eye on cryptocurrencies and their continued evolution. The viability of these currencies improve with each passing day, and as such their place in the world of real estate will only grow more pronounced with time.
