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E11Even Hotel and Residences accept crypto deposits.

Renderings of E11EVEN Hotel & Residences in Miami

The Miami Bitcoin event inspired luxury condo development E11Even hotel and residences. E11Even hotels and residences claim to be the first real estate allowing crypto payments.

Marc Roberts

Marc Roberts, the co-founder of the company, spoke to Fox Business. He stated that people are showing a lot of enthusiasm for crypto, and it is astounding. Robert also noted that local interest in crypto assets has increased amid the recent Bitcoin Miami conference.

Bitcoin Miami conference

Bitcoin Miami conference took place earlier this month. According to the conference organizers, approximately 50,000 people attended it.

E11Even’s crypto announcement

Roberts also noted that E11Even’s crypto support announcement gathered a tremendous response. He further said that the firm had already collected its 1st crypto deposit before the official announcement.

Second Crypto Deposit

Moreover, the firm is now roughly one month away from collecting its second crypto deposit. Roberts predicted that the down payment would be worth between 10% to 15% of the property’s sale price.

High Rise Residences

The company also offers high-rise residences in Miami’s Park West district. However, the prices for these lavish units start at $377,400. This 65-story condominium has 375 units with the penthouse. They are expecting the unit to fetch as much as $10 million.

Firm’s Greatest Decision

Roberts describes crypto support as one of the firm’s most significant decisions. But he also warns those who do not embrace crypto will be left behind.

Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. Crypto is not a legal tender and is subject to market risks. Readers are advised to seek expert advice and read offer document(s) along with related important literature on the subject carefully before making any kind of investment whatsoever. Crypto market predictions are speculative and any investment made shall be at the sole cost and risk of the readers.