The Keyes Company announced the third Bitcoin-only real estate transaction in Florida closed this week.
The Keyes Company’s Elizabeth Perez Team completed the sale of a Miami townhouse on Wednesday. This is believed to be the third such transaction to close in Florida as both real estate buyers and sellers are starting to embrace cryptocurrency, the company said.
Manuel Perez of the Coral Gables, Fla.-based Elizabeth Perez Team listed the 1,321-square-foot townhouse on behalf of the seller and closed the sale for 41.35 Bitcoin, or $338,878, at the time of sale. The transaction’s seller and buyer were not disclosed.
In recent weeks, the price of Bitcoin has fluctuated dramatically, so how was this transaction safe from those wild swings?
Perez told HousingWire that to protect both sides of the transaction, there was a fluctuation limit in place during the transfer period for the money.
“The value was set…