Real estate brokerage Bond New York now accepts Bitcoin

realestatebroker-bond02 Jan 2014 / – In what may be a first for a traditional real estate firm, Manhattan-based brokerage Bond New York has announced it will now accept Bitcoin as payment for real estate transactions.

“Bitcoin is a convenient and inexpensive way for our customers to transfer money, so we see it as a win-win situation which will impact the real estate industry,” said Noah Freedman, co-founder of Bond New York.

The brokerage said in a statement that it believes it’s the first brokerage to accept Bitcoin, and named a number of benefits for making the move. Echoing other Bitcoin adopters, the brokerage cited reduced or nonexistent processing fees as one draw of the currency. Bond New York said the currency also offered security undergirded by “military-grade cryptography,” “identify protection” and “fast international payments,” plus it “works anywhere, anytime.”

In embracing the electronic cash, the brokerage joins a group in the real estate space that appears to be so far comprised only of tech firms.In August, property management software provider Rentulations claimed to be the first company with immediate plans to accept Bitcoin. And last month, rental listings site RentHop announced it also would accept the electronic cash, even dangling a significant discount to those who pay in Bitcoin to list properties on its site based on the exchange rate at the time….. Read more

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