Bezos-Backed Real Estate App To Accept Bitcoin as Payment (bloomberg.com) 27
La Haus, a Latin American property tech startup backed by Bezos Expeditions, said it will accept Bitcoin for real estate transactions, adding to the region's growing adoption of the cryptocurrency as a means of payment. From a report: The company, which allows users to purchase homes through an app, will allow buyers to pay with the digital currency, starting with a housing development in Playa del Carmen, Mexico. It will eventually open the rest of its inventory of more than 80,000 properties to Bitcoin, according to the company. "We think that Bitcoin will be the reserve currency of the future," said Rodrigo Sanchez-Rios, president and co-founder of La Haus, in an interview. "At our core, we're a tech company. It's natural for us to be pioneers with this technology." The company is partnering with Los Angeles-based payment processor OpenNode to allow for transactions both on-chain and over the Lightning Network, which was designed to make purchases quicker and easier. La Haus will act as an intermediary, paying the sellers in fiat. The company has not decided how much Bitcoin it will keep on its balance sheets, he said.
seems legit (Score:3, Insightful)
won't be used for money laundering at all
Re: (Score:1)
well there are multiple agencies that specialize in tracking down money laundering as well as counterfeiting. Just one of the many advantages of a government backed currency.
Re: (Score:2)
Re: seems legit (Score:1)
Re: (Score:3)
Bitcoin is small potatoes in the money laundering game. Imagine all the banks not getting caught.
https://www.theguardian.com/wo... [theguardian.com]
Re: (Score:1)
Bitcoin is small potatoes in the money laundering game. Imagine all the banks not getting caught.
https://www.theguardian.com/wo... [theguardian.com]
On the flip side, regulation has helped there. [bit.ly]
Re: (Score:2)
Re: seems legit (Score:1)
Those agencies you mention cost more to maintain than the fines they bring in and crime they stop. There are a TON of government agencies supposedly working on those things, including the FBI, IRS, DOC, DOJ, SEC and a ton of other 3 and 4 letter agencies. They recover 0.1% of their costs.
Re: (Score:2)
True, however bitcoin you can transfer large values without any good sort of book keeping.
Let me buy a 100k house in cash, Chances are, when I go to the bank to get 100k in cash, they will have a record of me taking 100k out of my account, and given to me as cash. If I was audited for doing nefarious things, then there is a point where they see that I took 100k and the investigators may ask me, on what did I do with all that money.
Re: (Score:2)
Right. Nobody ever used banks to launder money.
Re: (Score:2)
Even casinos are having a harder time letting patrons launder millions of dollars [marketwatch.com]. It's almost as if the US government is interested in fighting crime and money laundering, weird to see that happen now after they've ignored it for so long.
bitc#-Oin - the rich get richer (Score:2)
y will there never b mOre than 21,000,000 bitccOins? the answer is satOshi nakamOtO mite b the nsa/pentagOn, vladimir putin, xi jinping, sOmebuddy lOOking at wOrld trajectOry and fascinated that it seems 2 b hedding 4 hell in a handbasket withOut any way 2 thwart it - the number 21,000,000 beep is a cOuntdOwn
Re: (Score:1)
You okay man?
Re: (Score:2)
Get ready for the depression (Score:2)
Huh? (Score:2)
Does this person not know what a reserve currency [investopedia.com] is? Bitcoin, or any other crypto, is not a currency. It's a placeholder for real money. To use it, you have to convert it into real money.
Re: (Score:1)
Bitcoin IS real money. Work was put in to mine every coin. In fact, it is holding well, while fiat currencies like the dollar are starting to hyperinflate as the masses realize that BTC has more value, especially because BTC is a deflationary currency, and you can't print any more.
Money Laundering Real Estate (Score:2)
Special (Score:2)
How weird this has to be a special thing. Move down a few countries to El Salvador and you'd just have to accept Bitcoin as a matter of course.