{"id":13424,"date":"2021-10-21T04:54:13","date_gmt":"2021-10-21T04:54:13","guid":{"rendered":"https:\/\/www.buyucoin.com\/crypto-labs\/real-estate-platform-pacaso-accepts-crypto-assets-for-payments-ceo-says-mass-crypto-adoption-well-underway\/"},"modified":"2021-10-21T04:54:13","modified_gmt":"2021-10-21T04:54:13","slug":"real-estate-platform-pacaso-accepts-crypto-assets-for-payments-ceo-says-mass-crypto-adoption-well-underway","status":"publish","type":"post","link":"https:\/\/www.buyucoin.com\/crypto-labs\/real-estate-platform-pacaso-accepts-crypto-assets-for-payments-ceo-says-mass-crypto-adoption-well-underway\/","title":{"rendered":"Real Estate Platform Pacaso Accepts Crypto Assets for Payments, CEO Says \u2018Mass Crypto Adoption Well Underway\u2019"},"content":{"rendered":"

On October 20, the day bitcoin smashed a new all-time price high, the real estate platform Pacaso announced it will be accepting cryptocurrencies via Bitpay. The CEO of the real estate firm that helps people buy and co-own a second home, Austin Allison, says the firm has seen increased crypto adoption \u201cacross the real estate industry.\u201d<\/strong><\/p>\n

Real Estate Platform Pacaso Now Supports Crypto Payments<\/h2>\n

The firm Pacaso<\/a> is a real estate platform co-founded by Spencer Rascoff and Austin Allison. Rascoff is well known for co-founding Zillow Group and co-founding Hotwire.com as well. In October 2020, Rascoff co-founded Pacaso with Allison, and the company is considered a real estate platform that makes owning a second home easier by leveraging shared ownership. Pacaso\u2019s business model is similar to the timeshare model but it\u2019s also a touch different.<\/p>\n<\/p>\n

\u201cForget timeshares, with Pacaso, you own a home, not just a block of time,\u201d the company\u2019s website details. \u201cYou can book stays throughout the year, not annually. And resale? It\u2019s fast and streamlined, and you set the price.\u201d Now the firm has decided to accept crypto assets via the Atlanta-based digital currency payment platform Bitpay<\/a>.<\/p>\n

\u201cDigital currencies and the blockchains that power them are seeing increased adoption across the real estate industry, and a crypto payment option is a recurring topic in our conversations with prospective buyers of second homes,\u201d said Austin Allison, Pacaso\u2019s co-founder and CEO. \u201cAs we expand internationally and put second-home co-ownership within reach for more people across the globe, we\u2019re thrilled to be able to respond to that demand and extend as many payment options as we can to our customers.\u201d<\/p>\n

Bitpay CEO Is Seeing More Crypto Transactions Being Made for \u2018Large Purchases Like Real Estate\u2019<\/h2>\n

The announcement detailed that Pacaso customers will be able to choose from a myriad of digital assets like bitcoin (BTC<\/a>), ethereum (ETH<\/a>), litecoin (LTC<\/a>), bitcoin cash (BCH<\/a>), dogecoin (DOGE), and wrapped bitcoin (WBTC). Alongside this, Pacaso clients can also leverage five different stablecoins as well. Stephen Pair, CEO of Bitpay said in recent times the company has seen much larger transactions such as people buying homes.<\/p>\n

\u201cWe are seeing more transactions being made for large purchases like real estate as more crypto holders want to spend and live their life on crypto. Pacaso makes a second home a reality,\u201d Pair explained on Wednesday. \u201cThe market potential for crypto is huge, with $55 billion as the estimated value of purchases consumers will make using cryptocurrency in the next 12 months.\u201d<\/p>\n

Pacaso says that paying with crypto will be just as easy as it would using fiat, as clients can leverage their crypto assets to use as a \u201cdown payment in their home, and finance the remainder of the transaction, or otherwise split payment between crypto and fiat currency.\u201d Pacaso\u2019s CEO sees mass adoption of crypto is \u201cwell underway\u201d and with that homebuyers will want to utilize a variety of payment options.<\/p>\n

\u201cWhether you\u2019re HODLing Bitcoin, diversifying out of a DOGE-heavy portfolio, or somewhere in between, Pacaso is here to help you realize your second-home dreams,\u201d Allison concluded.<\/p>\n

What do you think about Pacaso accepting cryptocurrency payments? Let us know what you think about this subject in the comments section below.<\/strong><\/em><\/p>\n

Bitcoin News
\nNews, Austin Allison, Bitcoin, bitcoin cash, BitPay, Crypto, Cryptocurrency, Digital Assets, down payment, Ethereum, litecoin, Pacaso, Properties, Real estate, real estate company, second home, shared ownership, Spencer Rascoff, Stablecoins, Stephen Pair<\/p>\n","protected":false},"excerpt":{"rendered":"

On October 20, the day bitcoin smashed a new all-time price high, the real estate platform Pacaso announced it will be accepting cryptocurrencies via Bitpay. The CEO of the real estate firm that helps people buy and co-own a second home, Austin Allison, says the firm has seen increased crypto adoption \u201cacross the real estate…<\/p>\n","protected":false},"author":0,"featured_media":13425,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[53,3],"tags":[],"class_list":["post-13424","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blockchain-news","category-coin-news"],"_links":{"self":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts\/13424"}],"collection":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/comments?post=13424"}],"version-history":[{"count":0,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts\/13424\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/media\/13425"}],"wp:attachment":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/media?parent=13424"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/categories?post=13424"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/tags?post=13424"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}