Steps for Purchasing Property Using Cryptocurrency at Gafisa
To buy property using cryptocurrency, the buyer must meet with a Gafisa salesperson to discuss the price and payment terms. They need to register on Gafisa’s platform, complete a form indicating their intention to pay with cryptocurrency, such as Bitcoin.
Once the form is submitted, Gafisa officials will review it to ensure it meets compliance criteria. If the form is approved, they will provide the buyer with the wallet address.
After the buyer sends the payment, Gafisa will confirm receipt and initiate the process of transferring property ownership. This procedure bypasses the involvement of property agents, banks, and payment processors, saving time and money for the buyer. This raises questions as to whether this practice will spread to other countries. After all, buying property in Rio de Janeiro or São Paulo could prove to be a good long-term investment, especially with interest rates falling from the current level of 12.5% to pre-COVID-19 levels around 2%.
Cryptocurrency: A Gateway to Financial Freedom
Gafisa’s business analysts have been studying cryptocurrency for some time, noting its rise and increasing value. Their research began in February 2021, focusing on cryptocurrency’s growing significance in the financial world. It is not just a payment method for property purchases; it is also a way to connect with the global market.
Gafisa’s CEO, Guilherme Benevides, recognized the pivotal role of cryptocurrency in modern financial transactions and the opportunities it offers to investors. He highlighted Bitcoin’s growth over the years and expressed optimism about its future. With cryptocurrency opening doors to international markets, Gafisa aims to be part of this financial revolution.
In Brazil, one in every 130 people owns or lives in a property developed by Gafisa. With the company’s public acceptance of cryptocurrency payments, other developers are likely to follow suit. Gafisa is committed to growth, exploring new financial options, and reaching the unbanked population.
Cryptocurrency transactions eliminate intermediaries, making the property buying process faster and more cost-effective. By bypassing real estate agents, banks, and other payment processors, the process becomes more secure and verifiable.
The Brazilian Central Bank is set to launch its digital currency in 2022, signaling a shift toward cryptocurrency acceptance in the market. This move comes as more countries are integrating cryptocurrency into their financial systems. If Brazil successfully launches its digital real in 2022, it will become one of the first nations to implement a government-issued digital currency.
Cryptocurrency Regulation in Brazil
The idea of regulating cryptocurrency in Brazil was first proposed in 2015 by Aureo Riberio, who pushed for the inclusion of cryptocurrency as a legitimate payment option by the Brazilian Central Bank. The proposal passed through the legislative system, ultimately reaching the Senate, which approved it as a valid payment method. However, the law did not provide clear regulatory guidelines, leaving the responsibility of regulation to the executive branch.
While the law acknowledges cryptocurrency as a payment method, it does not make Bitcoin or any other cryptocurrency legal tender. Instead, the law provides a framework for crypto traders to follow, with regulatory oversight falling to the executive or relevant agencies like the Securities and Exchange Commission.
Other Companies and Agencies Accepting Cryptocurrency Payments
In April 2020, Stripe enabled Twitter creators to receive payments in cryptocurrency, expanding the scope of crypto payments. Other major companies such as Tesla, Microsoft, Starbucks, PayPal, and Amazon have also embraced cryptocurrency as a valuable asset for future transactions. In Brazil, several businesses, including Wine Club, Oasis Supermercados, MercadoLibre, and Sibate Supermarket, have started accepting Bitcoin for payments.
The Future of Cryptocurrency in Goods and Services Transactions
Globally, financial regulators and central banks are increasingly recognizing cryptocurrency as the future of transactions. Recently, the G7 nations met and called for the establishment of international cryptocurrency regulations. The aim is to localize crypto trading and protect individual nations from potential exploitation. The Financial Stability Board is spearheading efforts to establish global digital currency regulations.
Despite this, the growth potential for cryptocurrency remains vast. While countries may not be able to control demand and supply, they can introduce trading guidelines and enforce penalties. CryptoChipy will continue to provide its readers with relevant global news, updates on stablecoin markets, and other essential information for informed decision-making.
Handla med en Sverige fokuserad online trading sajt. S?kert, snabbt & enkelt. Prova Skilling idag!
