LA HAUS SELLS FIRST COLOMBIA HOUSE FOR BITCOIN

La Haus, a leader in the Latin American real estate market, has closed another bitcoin home sale, the first in Colombia after recently selling a property in Mexico, according to Valora Analitik.

Jehudi Castro, La Haus’ VP of Innovation and Future, told Bitcoin Magazine that the transaction represented a downpayment for an apartment at Natura City, an exclusive apartment complex owned by Titles and Real Estate Developments that is being built in the Bellavista sector of Santa Marta, in Colombia’s northwestern region.

Castro went on to say that the apartment cost about $98,000 in total, which translates to about 2.45 BTC at the time of writing. The buyer paid 0.03 bitcoin as a downpayment and will make incremental bitcoin payments until the apartment is finished, which is expected in 2025.

“We are working to bring this type of alternative to the rest of the country, so that payment methods and the form of investment are not a barrier to accessing residential goods,” Castro said, according to the report.

As the buyer was travelling internationally at the time of purchase, Bitcoin’s power shone through by seamlessly completing the transaction across borders. OpenNode, a payment processing company, enabled the transaction to be completed instantly via the Lightning Network.

La Haus, which has worked to bring U.S. tech-enabled real estate services to the Latin American real estate market, began accepting bitcoin payments for its real estate properties in November after forming a partnership with OpenNode. The payment processor enables La Haus to accept bitcoin payments both on-chain and via the Lightning Network, Bitcoin’s layer-2 scaling solution.
Last month, a Peruvian woman exchanged 5.78 BTC for an exclusive apartment in one of the most valuable areas of Tulum, Mexico’s Riviera Maya.

 

Disclaimer: These are the writer’s opinions and should not be considered investment advice. Readers should do their own research.

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