Cryptocurrency has exploded in popularity over the past few years and is finally making its way into real estate as an alternative and viable means of purchasing property.
Cryptocurrency, or “crypto”, as it is commonly known, is a type of decentralised online payment system which operates using a blockchain. Crypto can be exchanged for goods and services in the same way as physical money (fiat currency).
As the use of cryptocurrency becomes more widely acceptable and the monetary value of this asset class accelerates, many individuals are now choosing to use some of their crypto gains to invest in real estate.
We at Global 1 are being asked on an increasingly frequent basis by curious prospective vendors and purchasers about the advantages, viability and legality of transacting using cryptocurrency. To utilise this exciting opportunity, TheGloabal1 has teamed up with a leading UK specialist cryptocurrency law firm with significant experience of conducting crypto real estate transactions.
Please contact us should you wish to confidentially discuss the potential merits of buying or selling using cryptocurrency and if you require, we will introduce you to the aforementioned law firm and their affiliated specialist accountancy partners who can advise on related tax issues. crypto@theglobal1.com
