Home News Miami real estate firm accepts crypto deposits for condos after conference

Miami real estate firm accepts crypto deposits for condos after conference


E11EVEN Hotel and Residences, located in Miami, Florida, USA, has become yet another real estate development company that has agreed to accept deposits for the purchase of buildings and structures in cryptocurrency.

In addition, the co-founder of the company and the project of the condominium M. Poberts noted that the interest in cryptocurrency on the part of buyers is “really amazing”.

Locals became especially active after the Bitcoin 2021 conference, which held in the city. Only according to official data, it was visited by over 50 thousand people.

Accordingly, E11EVEN Hotel and Residences decided to keep up with market demands and agreed to accept crypto deposits. Probably, we are talking primarily about the first five digital assets, such as BTC, ETH, BNB, DOGE, etc.

Thus, cryptocurrency is already on the verge of a cult status. Some believe that Miami will be one of the founders of the trend of buying real estate with cryptocurrency.

Miami is an ideal market for crypto development as it attracts investors from all over the world: South America, Canada, Asia and Russia.

Before announcing its initiative, the company received a first payment for the apartment in digital currency.

Within a month, the buyer will pay the second part of the amount. Roberts predicts that it will account for up to 15% of the real estate sales value.

E11EVEN offers multi-storey buildings in the Park West area. According to Miami Residential, apartment prices start at $ 377,400. The 65-story condominium has 375 apartments and a penthouse that expected to fetch up to $ 10 million.

“We have received a tremendous response and consider supporting cryptocurrency to be one of the firm’s greatest decisions”, said Mark Roberts.

Miami may become America’s cryptocurrency hub

Earlier, French DJ David Guetta put up for sale an apartment in Miami Beach for $ 14 million. You can pay for it with Bitcoin or Ethereum.

Recall that in early May, the Arte Surfside boutique condominium opened the sale of apartments in Miami for digital assets. The company sold its first four-bedroom penthouse for $ 22.5 million in cryptocurrency.

This decision was made by the board of directors due to the presence in the city of a large number of technological, scientific and technical firms that have moved their headquarters here. A number of leading Silicon Valley companies and venture capital firms have moved to the city. And this played a role in the decision to accept cryptocurrencies.

The developer of the residential complex is Sapir Corp.

Its chairman, Alex Sapir, agrees with the opinion of Suarez, and doesn’t exclude that over time Miami may become the cryptocurrency center of America, and Arte Surfside – the residence of billionaires, including cryptocurrency ones.

According to Sapir, this will become possible when the rate of the first cryptocurrency rises to $ 200 thousand.

Mayor of Miami Francis Suarez has already met with Elon Musk, Twitter’s general director Jack Dorsey and Google’s general director Eric Schmidt, to convince them to move to sunny state.

On May 6, a resolution was adopted, in which it was considered the possibility to allow the Miami-Dade County to accept a cryptocurrency for payment of taxes and services.

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