Cryptocurrency Prices today, Charts And Market Capitalizations |Ty gia Coin logo Cryptocurrency Prices today, Charts And Market Capitalizations |Ty gia Coin logo
Seeking Alpha 2022-05-23 21:55:33

Brazilian homebuilder Gafisa to accept bitcoin for real estate purchases

Brazilian real estate developer Gafisa (OTCPK:GFASY), in partnership with cryptocurrency gateway provider Foxbit, has enabled bitcoin (BTC-USD) as a payment method for the purchase of real estate, according to a release dated May 19. Bitcoin (BTC-USD) and other major digital tokens help eliminate intermediaries, reduce transaction costs while eliminating the risk of fraud, the release said. “Bitcoin is the largest cryptocurrency in market value and, technologically, the most ballast currency in history,” said Gafisa CEO Guilherme Benevides. “It is a currency that is growing in popularity every day, also expanding the possibilities of its use.” The move comes as Brazillian fintech NuBank, a subsidiary of Nu Holdings (NU), recently introduced bitcoin (BTC-USD) and ethereum (ETH-USD) trading on its platform. Take a look at Gafisa's Q1 earnings call transcript.

Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.