Cryptocurrency Payments & Real Estate
“According to a news release, the firm’s decision to accept bitcoin was based on the technology’s capacity to provide new opportunities for innovation in the financial industry. The acceptance of cryptocurrency will be done via the local exchange Foxbit, the corporation announced.”
Brazil has emerged as one of the most prominent supporters due to the rapid growth of digital currency usage in the country. The country ranks sixth in terms of value exchanged on the blockchain, according to a Chainalysis report.
This means a huge step in the normalization of digital currencies in payments outside their own platforms and bringing its usage into everyday life, especially in the Latin-American continent, some Latin-American countries have discussed accepting cryptocurrency as payments or taxing it but very few have legalized it.
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