Home » Venezuela’s Most Expensive House Put up for Sale at $20m, Owner Will Accept Crypto

Venezuela’s Most Expensive House Put up for Sale at $20m, Owner Will Accept Crypto

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Source: Wit/Adobe

Venezuela’s most expensive home has been put up for sale – its vendor is happy to accept payments in crypto. The sale of will be a major landmark for crypto adoption in the country.

The government of the country, which is believed to have sizable Bitcoin (BTC) and Ethereum (ETH) reserves, is pushing the idea of ​​a crypto economy. issued. Petro (PTR)Partially Bidding circumvent international sanctions imposed by the United States and its allies.many state-owned institutions Operate a crypto mining business.

However, if a buyer decides to pay for a property in cryptocurrency, it would be a major turning point for the purpose of cryptocurrency in the private sector, as most adoption-related breakthroughs to date have come in the area of ​​remittances. I guess. Supermarkets and other stores accept his BTC and other coins, but large-scale cryptocurrency-backed real estate transactions remain unknown in Venezuela.

homes, media outlets Amand The mansion is reportedly owned by the brothers of the founders of Vanesco, a major domestic bank. The press explained that the property offers panoramic views of the capital, Caracas.

Listed for sale earlier this year at an asking price of $26 million, it features 14 bedroom suites, 20 bathrooms, bar, elevator, cinema, chapel, gym, hair salon, massage room and swimming pool. , tennis and basketball courts, 12 parking spaces and 15,000 square meters of land.

But its owner has now lowered the asking price to $20 million and has told real estate agents that he is open to accepting cryptocurrencies as a payment method.

More homes sold for cryptocurrency in Venezuela?

The news outlet quoted Centeno Díaz, founder of local real estate startup InmuebleCoin, saying that most of the domestic cryptocurrency-powered real estate deals so far have involved transactions under $50,000. said that According to Diaz, buyers and sellers tend to be “young people with a fair amount of industry knowledge.” [crypto] industry. “

Diaz also said, “There are no statistics on the volume of real estate transactions made in cryptocurrencies,” and said local laws do not specify how transactions involving cryptocurrencies are calculated.

As such, the InmuebleCoin chief concluded that vendors and buyers wishing to exchange real estate for tokens should negotiate their own terms and conditions and not rely on the legal system.

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