Colombian real estate firm La Haus announced it will be taking Bitcoin payments for properties. This is not the first time the company is accepting bitcoin payments as it started taking the cryptocurrency as a means of payment for housing in Mexico.
To start this project in Colombia, the platform is highlighting a new housing project in a wealthy part of the city called Natura City. People who live there are less than 200 meters from the Colombian beaches, and the complex should be finished by 2025.
La Haus worked with payment processor OpenNode to do this. Users can pay for properties on the Lightning Network or the main chain, depending on their needs.
The buyer can pay all of the money in bitcoin, or only pay a portion of the money in bitcoin and pay the rest with cash or checks. Each apartment is worth about 2.19 bitcoin or 400 million Colombian Pesos.
In November, the company started taking bitcoin payments for new housing development in Playa del Carmen, Mexico, as such they are not novice to cryptocurrency payments and the crypto space.
At that time, La Haus said that it planned to make this payment method available to all of the properties on its site. Rodrigo Sanchez-Rios, the president and co-founder of La Haus, talked about how bitcoin payments have changed over time.
We think that Bitcoin will be the reserve currency of the future. At our core, we’re a tech company. It’s natural for us to be pioneers with this technology.
If you work for a real estate company, it can be hard to use bitcoin as a payment method because of rules. When you sell bitcoin in the United States, you may have to pay capital gains tax on any money you make or lose.
Coins like Tether are still used to buy real estate, like an apartment in Venezuela that was bought with that country’s stablecoin.
