Christie’s International Real Estate has launched a dedicated department to facilitate real estate transactions performed completely in cryptocurrency, the New York Times reported Thursday.
The Spearet by Aaron Kirman, CEO of a Christies-affected company in Los Angeles, follows the initiative several high-profile offers, including a $ 65 million Beverly Hills transaction where Crypto was used exclusively.
The new department includes legal, economic and crypto experts to deal with peer-to-peer transactions without the dependence on banks. The goal is to enable advanced buyers and sellers to seek privacy-to use digital assets seamlessly for acquisitions in the real world.
With approx. 14% of Americans who own Krypto project Kirman that digital currency could represent over a third of us residential properties within five years.
The use of crypto offers improved buyer anonymity, often via LLCs financed directly with digital assets, making ownership more difficult to track than traditional bank channels.
Kirman’s Crypto-Accrepping Portfolio is now exceeding $ 1 billion in value, including Marquee properties as $ 118 million. LA I Bel Air and Joshua Tree’s $ 17.95 million. Invisible House.
Christies did not respond to Coindesk’s request for further
