Brazil's Top Real Estate Developer to Accept Crypto
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24 May

Gafisa, Brazil's fourth-largest real estate developer, will soon start accepting bitcoin as a means of payment for apartments, the local news outlet livecoins has learned.

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Guilherme Augusto Soares Benevides, Gafisa CEO, says that bitcoin is growing in popularity every day alongside expanding the possibilities for its usage as there is a "natural tendency" to digitize payments:

"If we stop to think that the central bank will launch the digital real in 2022, we can conclude that, in fact, digital currencies are increasingly present in the world."

Brazil Passes Legislative Stage of Crypto Regulation

In addition to bitcoin, Gafisa wants later to accept other altcoins as well, including ether (ETH), cardano (ADA), XRP and stablecoins. To buy an apartment with a cryptocurrency, a customer will first need to fill out an intent form, which is analyzed in detail by the developer. If accepted, the client is required to send cryptocurrency to the broker's wallet. The timeline of the initiative remains unclear.

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