TruthGroup an AI/Fin Tech Company and it’s Truthcoin, a Listed Cryptocurrency That Supports Free Speech Platforms, Can Soon be Used to Buy Luxury Real Estate
TruthGroup an AI/Fintech company and it’s Truthcoin, a listed cryptocurrency that supports free speech platforms, can soon be used to buy luxury Real Estate
Truthcoin, a listed cryptocurrency that supports free speech platforms, can soon be used to buy luxury Real Estate, a recent press release stated.
Many criticise cryptocurrency for the lack of ability to spend it, as most buy to speculate, but not use.
But this is changing for some innovative Cryptos, that are developing enough credibility as a payment currency, to convince some real estate developers to accept their crypto as part payment for real estate purchases.
Some Bali Real Estate developers have stated, that they will accept Truthcoin for up to 25% payment for their luxury villas and apartments, and in some cases even more.
When one developer was asked if there was a $ limit to how much can be spent, they said no, as long as it was 25% maximum of the price of the properties on offer.
One project selling property from as little as $99,000 USD, said up to a maximum per property of $25,000 USD can be used and a maximum of 2 properties per buying entity.
They said in Bali such properties generate between $1750 and $2500 USD per month gross rentals.
It’s believed some Mexican luxury villas, will also start accepting more cryptocurrency as well for part payments.
TruthCoin spokesperson said, “any inquiries for property purchases can be sent to its customer service for further information on properties becoming available, that can be used to partially buy with Truthcoin. We are excited with these developments which will support the longterm growth of the cryptocurrency.
Bitcoin has been used for some time to purchase real estate, although many don’t wish to spend it.