Florida readies itself for a crypto real estate wave

In some ways, the deluge is already here.


  • By Mark Gordon
  • | 6:50 p.m. June 29, 2022
  • | 0 Free Articles Remaining!
Jamie Chang partnered with a Southwest Florida artist to create an NFT (non-fungible token) under the theme “Elegance from Within” to market a Naples condo listing. The condo sold for $3.1 million.
Jamie Chang partnered with a Southwest Florida artist to create an NFT (non-fungible token) under the theme “Elegance from Within” to market a Naples condo listing. The condo sold for $3.1 million.
  • Technology
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Ask people about using cryptocurrency in the smoking hot real estate market and the answers vary wildly.

Using crypto to buy real estate, on paper and in theory, isn’t much different than other forms of currency, according to a June 16 blog post from Florida Realtors. The key, states the post from Florida’s leading advocacy organization for Realtors, written by financial news firm Benzinga, is in crypto real estate “money doesn’t move between banks, it moves between crypto wallets.”

 

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