By integrating with Coinbase, MyEListing, a marketplace for commercial real estate, is all set to launch the first-ever real estate marketplace that accepts Bitcoin payments.
The platform will enable buyers to purchase U.S. properties using Bitcoin or USD. According to Caleb Richter, the CEO of MyEListing, the program is expected to bring about innovation in both the Bitcoin and real estate industries.
According to MyEListing, the platform intends to offer enhanced convenience, accessibility, and profitability to the market. The platform enables agents to list both commercial and residential properties in the U.S. for sale in Bitcoin, cryptocurrencies, or cash.
Buyers worldwide may purchase these properties through the ASAP program within one business day. The company also claims that the transaction time is anticipated to be around 50 times faster than the current average.
Initially, the platform will only be available for properties located in Texas, starting on April 20th, 2023, with plans to expand to other states by June 2023.
The list of properties available for purchase using Bitcoin is accessible on the MyEListing website. A step-by-step guide on how the ASAP program works is provided in the explainer video.
The company states that the integration of Coinbase with MyEListing is poised to revolutionize the way people invest in real estate by offering a secure and efficient way of buying and selling properties.
Richter explained that the ASAP program would enable anyone worldwide, regardless of language or location, to purchase residential and commercial real estate with Bitcoin and cryptocurrencies within one business day.