An agreement between the real estate company 355 Outubro and the FNTX platform allows Dogecoin (DOGE) holders to purchase luxury apartments in Portugal using the meme cryptocurrency as a form of payment.
More and more condominiums and residential complexes are opening up to the digital industry, to sell their properties and real estate in cryptocurrencies, and digital assets. Recently, the luxury apartments promoted by the real estate company 355 October In Portugal, they can be purchased using Dogecoin (DOGE), the quintessential meme cryptocurrency, as payment.
On Twitter, the services platform FNTX announced that it had partnered with the real estate company to serve as a bridge and begin accepting payments in DOGE for the purchase of luxury apartments, which can be worth up to $2,2 million in the European country.
In addition to DOGE, FNTX noted that holders of other cryptocurrencies, such as Bitcoin (BTC) y Cardano (ADA), they can also use their crypto assets and take over one of these luxurious apartments or flats. Ethereum (ETH) y Tether (USDT) are also accepted as a form of payment, as shown by the web portal from FNTX.
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Cryptocurrency real estate trend
In addition to 355 Outubro in Miami, Florida, the exclusive Arte Surfside luxury apartments are also being offered for sale with cryptocurrencies. Earlier this week, the residential complex Art Surfside Luxury Residences, now home to Ivanka Trump, announced that it is selling its apartments in Bitcoin.
In this exclusive residential complex, the most “affordable” apartments are offered for around 10 million dollars, while the most luxurious residences with spectacular sea views can be priced at up to 50 million dollars, which leaves the possibilities open only to some of the world's millionaires and multimillionaires.
In contrast, in Portugal, the offer for 355 Outubro ranges from apartments for $600.000 to $2,2 million at the moment. An amount that is still high, but certainly a little more accessible for some.
Real estate companies want to gain a foothold in the world of cryptocurrencies, which in just a few years has distributed real fortunes among its loyal investors. As the crypto market is projected to rise in the long term, these firms are waiting for those future “crypto billionaires,” who will undoubtedly invest in places of great design and style.
Alex Sapir, Chairman of Sapir Corp LTD, commented that since cryptocurrencies are already creating incredible global wealth, it is real estate that will hold that wealth and provide a legacy to buyers.
Top 10 Cryptocurrencies
BTC, DOGE, and ADA are 3 of the most important cryptocurrencies in the digital industry right now. Bitcoin, the queen of cryptocurrencies, is ranked 1st with a market cap of over $915.000 billion at the time of writing. DOGE and ADA are ranked 4th and 5th, with a market cap of over $65.000 billion and $59.000 billion, respectively.
Source: CoinMarketCap
Of all of these, Dogecoin has been the most searched cryptocurrency in recent weeks, even surpassing Bitcoin in terms of Google search interest. The meme cryptocurrency hit an all-time high of $0,7, handing out incredible gains to its early investors. By January, DOGE was worth just $0,004, growing by over 17.500% so far this year.
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