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Not just 1, but 3 properties, are being sold for cryptocurrencies in the Philippines
A homeowner of not just 1 property, but 3 houses in the Philippines, is looking to sell them in exchange of cryptocurrencies.
On 3 separate Facebook posts, Dr. Joel Advincula, licensed broker and realtor at RE/MAX Advantage Iloilo, has recently shared 3 properties being sold in Iloilo, Philippines.
Houses for crypto?
4-bedroom house in Villa – the ready for occupancy house located in Bernwood Resort Villas located at Sto. Nino Sur, Arevalo, Iloilo City boosts: (4) bedrooms, (3) toilets and bath, ample family living room, (1) TV room and (1) carport. The property has close proximity to the subdivision’s clubhouse and pool currently undergoing construction.
Why sell ‘tangible’ assets for ‘internet money’?
“We’re big proponents of cryptocurrencies and think we should start expanding the conversation towards seeing it as a viable payment option.
We’ve also planned on allocating the proceeds of the said sale of these particular investment assets of ours to cryptocurrencies anyway, so it makes sense to make it available to those who prefer to pay with cryptocurrencies. “
Cryptocurrency adoption in the Philippines
A major player in the Philippine banking industry, Union Bank, has also recently rolled out two-way crypto ATMs in the country.
Note: Tokens on the Bitcoin Core (SegWit) chain are referenced as SegWitCoin BTC coins. Altcoins, which value privacy, anonymity, and distance from government intervention, are referenced as dark coins.
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