- Gafisa, a Brazilian real estate developer, now accepts bitcoin as payment.
- Gafisa integrated with Foxbit, a cryptocurrency gateway service, to introduce Bitcoin.
- Foxbit will help eliminate intermediaries like banks, realtor firms, agents, and payment processors.
According to a press statement from Foxbit, a cryptocurrency payment gateway provider, Gafisa, one of the leading Brazilian real estate developers, is now taking bitcoin as payment for the purchase of the real estate.
One of the reasons for Gafisa’s Bitcoin integration, according to Foxbit, was the elimination of intermediaries like banks, real estate firms, agents, payment processors, or other parties. There is no shortage of intermediaries in a real estate transaction. Bitcoin reduces transaction costs by allowing for speedy and final payments while removing the danger of fraud.
According to the news release, Gafisa’s decision to accept bitcoin was also influenced by the disruptive aspect of the technology because it can provide chances for mor …