One Of The Largest Real Estate Developers In Brazil Now Accepts Bitcoin

Gafisa, one of the largest Brazilian real estate developers, now accepts bitcoin for real estate transactions through a partnership with Foxbit.

• Brazilian real estate developer, Gafisa, is now accepting bitcoin as payment for real estate transactions.
• In order to bring bitcoin to its customers, Gafisa partnered with a cryptocurrency gateway provider known as Foxbit.
• Bitcoin improves real estate transactions by allowing quick and final settlement of transactions, low fees and removing intermediaries

Gafisa, one of the largest Brazilian real estate developers, is now accepting bitcoin as payment for the purchase of real estate, according to a press release from Foxbit, a cryptocurrency payment gateway provider.

Foxbit stated that one of the reasons for Gafisas bitcoin integration was the removal of intermediaries. In the real estate market, plenty of entities get a piece of the pie, be it banks, real estate companies and agents, payment processors or other involved parties; theres no shortage of intermediaries in a real estate transaction. Bitcoin helps lessen the costs of transactions with quick and final settlements while eliminating the risk of fraud.