In Brazil, You Can Now Use $ADA, $XRP, and $MATIC to Pay for Real Estate Purchases - Aliens: AI Crypto News & Markets Updates

In Brazil, You Can Now Use $ADA, $XRP, and $MATIC to Pay for Real Estate Purchases

Wed, May 25, 2022

Aliens TLDR

Gafisa, a leading Brazilian real estate developer, has started accepting cryptocurrency payments for real estate transactions, The company is accepting cryptos through local cryptocurrency exchange Foxbit.

According to a press release from the exchange, first spotted by local news outlet Livecoins, Gafisa has been studying accepting the flagship cryptocurrency as a payment method since February 2021, The company, founded in 1954 and listed on the country’s only stock exchange B3, is adding Bitcoin payments as the cryptocurrency removes intermediaries from transactions.

Along with Bitcoin, the company is accepting payments in numerous other cryptocurrencies including Ethereum ($ETH), Cardano ($ADA), $XRP, Solana ($SOL), and others.

In total, the company is accepting payments in 16 different cryptocurrencies.

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