HomeMarry Your HouseFinanceOne of Brazil's largest real estate developers accepts Bitcoin for transactions

One of Brazil's largest real estate developers accepts Bitcoin for transactions

The figures recorded on its website show that 1,500,000 people live in a Gafisa, more than one million projects delivered, more than 16 million square meters of construction, 78 awards received, one in every 130 Brazilians lives in a Gafisa, with a presence in more than 40 cities and 19 states throughout Brazil.

Gafisa, one of Brazil's largest real estate developers, will accept Bitcoin as a form of payment for its property purchase transactions.

The company has partnered with Brazilian cryptocurrency broker Foxbit for these purposes in order to streamline processes, eliminate intermediaries, and reduce transaction costs.

Foxbit stated that the real estate sector involves many entities such as banks, companies, real estate agents, payment processors, and other stakeholders; Bitcoin reduces costs with fast and definitive transactions, while eliminating the risk of fraud.

In statements reported by the newspaper Criptotendencias.com , Foxbit asserts that Gafisa's decision to adopt Bitcoin is based on the disruptive nature of the technology, which can open up opportunities for greater innovation in the sector.

Guilherme Benevides, CEO of Gafisa, explained that Bitcoin follows a progression, and with the digital revolution that this progression entails, Gafisa perceives that digital payments will continue to have a growing presence in emerging economies.

About Gafisa

It represents one of the largest and most respected development and construction companies in Brazil. "Our brand is recognized for its strength, quality, tradition, credibility, and innovation in every project developed and delivered. These pillars have earned our company the respect of clients and the real estate market," the company states on its website.

"We are committed to our customers," says the review of their description, "and we focus on growth and innovation to bring the best living space with comfort, well-being, and security to an ever-increasing number of people. Our entire history and pioneering spirit are reflected in our numbers and accolades.".

The figures on its website show that 1.5 million people live in a Gafisa development, over one million projects have been completed, more than 16 million square meters of construction have been undertaken, 78 awards have been received, and one in every 130 Brazilians lives in a Gafisa development. The company has a presence in more than 40 cities and 19 states throughout Brazil. Currently, it has 19 projects underway "to turn dreams into reality.".

Source: Taíno Market News

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