Cryptocurrency transactions surge in Spanish real estate market
According to a report by Bitcoin.com, Enlace, a Spanish real estate technology company, revealed that the number of real estate transactions using some form of cryptocurrency as a payment method has significantly increased this year. The company found that these payment methods have advantages over traditional home buying methods, such as quick access to funds and savings compared to international bank transfers, resulting in a 15% increase in usage by 2024. This trend is particularly evident in major cities such as Barcelona, Madrid, and Valencia, where cryptocurrency transactions account for 60% of all transactions in the industry. Enlace predicts that approximately 6% of real estate transactions will involve cryptocurrency payments by 2024.
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