Real Estate Broker Engel& V ö lkers accepts Bitcoin payments in Lugano, Switzerland
On March 20th, it was reported that real estate broker Engel&V ö lkers accepted Bitcoin payments in Lugano, Switzerland. （Bitcoin Magazine）
Interpretation of this information:
The acceptance of Bitcoin payments by Engel&Völkers in Lugano, Switzerland on March 20th has indicated a breakthrough in mainstream use of cryptocurrencies in real estate transactions. Engel&Völkers is a global real estate company with extensive experience in international real estate, brokerage services, and luxury properties. Engel&Völkers currently serves customers in 33 countries and has over 800 offices worldwide.
The company decided to accept Bitcoins due to high demand from international clients who prefer to use Bitcoin for purchases. The use of cryptocurrency reduces the risk of currency exchange fees and avoids other payment processing errors. These benefits could also attract clients who have a significant amount of cryptocurrency savings.
This decision also indicates an increase in mainstream adoption of cryptocurrencies, which have often been viewed as a speculative asset. The use of Bitcoin for real estate purchases takes cryptocurrencies beyond trading and into everyday use. This mainstream adoption will provide reassurance to other companies and customers to use Bitcoin as a payment method.
In addition to Engel&Völkers, several other significant instances of Bitcoin transactions are taking place in Switzerland, indicating that Switzerland is advancing toward becoming a digital currency hub. Zug, a small city in Switzerland, has been dubbed “Crypto Valley” due to the high concentration of blockchain and cryptocurrency companies in the area.
In conclusion, the acceptance of Bitcoin by Engel&Völkers in Lugano, Switzerland has advanced mainstream adoption of cryptocurrencies, and may also attract customers who have been holding significant cryptocurrency savings. The adoption of cryptocurrency for real estate purchases is a significant achievement, which will increase customer trust in Bitcoin as a payment method. Additionally, the proliferation of cryptocurrency transactions in Switzerland indicates that the country is rapidly becoming a global financial technology hub.
This article and pictures are from the Internet and do not represent 96Coin's position. If you infringe, please contact us to delete:https://www.96coin.com/45078.html
It is strongly recommended that you study, review, analyze and verify the content independently, use the relevant data and content carefully, and bear all risks arising therefrom.