BitcoinWorld

Black_background_logo_BitcoinWorld-removebg-preview
Pacaso
Latest News

Pacaso, Real Estate Platform Accepts Crypto Assets for Payments

Pacaso is a real estate platform co-founded by Spencer Rascoff and Austin Allison.
More so, Rascoff is well known for co-founding Zillow Group and co-founding Hotwire.com as well.
Furthermore, Pacaso’s business model looks like the timeshare model but it’s also a touch different.

“Forget timeshares, with Pacaso, you own a home, not just a block of time,”

So, the company’s website explains.

“You can book stays throughout the year, not annually. And resale?…”
“It’s fast and streamlined, and you set the price.”

Cureently, Now Pacaso goes to accept crypto assets through the digital currency payment platform Bitpay.

“Digital currencies and the blockchains that power them are seeing…”
“increased adoption across the real estate industry, and a crypto payment option…”
“is a recurring topic in our conversations with prospective buyers of second homes,”

Austin Allison, Pacaso’s co-founder and CEO says.

“As we expand internationally and put second-home co-ownership…”
“within reach for more people across the globe, we’re thrilled to be able to respond
to…”
“that demand and extend as many payment options as we can to our customers.”


Pasco Announcement Details


Furthermore, The announcement shows that Pacaso customers will have access to choose from digital assets. Of course, starting from like bitcoin (BTC), ethereum (ETH), litecoin (LTC), bitcoin cash (BCH), dogecoin (DOGE), and wrapped bitcoin (WBTC).

Also, Pacaso clients can leverage five different stablecoins as well. As per Stephen PairCEO of Bitpay, the company is seeing much larger transactions like people buying homes.

“We are seeing more transactions being made for large purchases like real estate as more…”
“crypto holders want to spend and live their life on crypto. Pacaso makes a second home a reality,”


More so, More explanations reveals,
“The market potential for crypto is huge, with $55 billion as the…”
“estimated value of purchases consumers will make…”
“using cryptocurrency in the next 12 months.”


Furthermore, Pacaso notes that paying with crypto is as easy as using fiat. Then, says clients can leverage their crypto assets to use as a
“down payment in their home, and finance the remainder of the transaction,…”
“or otherwise split payment between crypto and fiat currency.”


Lastly, Pacaso CEO expects mass adoption of crypto.

“Whether you’re HODLing Bitcoin, diversifying out of a DOGE-heavy portfolio,…”
“or somewhere in between, Pacaso is here to help you realize your second-home dreams,”

Then, Allison concludes.

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.