- Bitcoin investors can make real estate purchases directly with cryptocurrency on La Haus, a Colombian real estate platform.
- The platform features a new housing project in an exclusive area of Santa Marta called Natura City to kick off this initiative in the country.
- Construction is expected to be completed by 2025 for the complex, which is located less than 200 meters from Colombian beaches.
- Users can choose whether to pay via Lightning Network or direct on-chain transactions, depending on their preferences, by partnering with payment processor OpenNode for this purpose.
La Haus, a Colombian real estate platform, allows bitcoin investors to purchase real estate directly with the cryptocurrency. In order to kick off this initiative in the country, the platform is featuring a new housing project in an exclusive area of Santa Marta called Natura City. A construction completion date of 2025 is expected for the complex, which is situated less than 200 meters from Colombian beaches.
The company partnered with payment processor OpenNode for this purpose and allows users to pay via Lightning Network or direct on-chain transactions, depending on the buyer’s preferences. The buyer may choose to pay 100% in bitcoin or to pay a portion of the total in BTC and pay the remainder with traditional methods. In each apartment, there is an estimated value of 2.19 bitcoins or 400 million Colombian Pesos.
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For La Haus, this is not the first time cryptocurrency payments have been involved in the sector. For a housing development in Playa del Carmen, Mexico, the company started accepting bitcoin payments earlier this year, in November. La Haus stated then that it intended to extend this payment option to all of the properties listed on the platform.
Rodrigo Sanchez-Rios, president and co-founder of La Haus, said “We think that Bitcoin will be the reserve currency of the future. At our core, we’re a tech company. It’s natural for us to be pioneers with this technology.”However, bitcoin can be a complex payment method due to regulations for real estate companies. Bitcoin can be considered property in the United States, so there is a capital gains tax if the asset is sold. Still, crypto is being used for real estate purchases, like the purchase of an apartment in Venezuela with stablecoin tether.