Pacaso Now Accepts Bitcoin Payments

Source: Bitcoin News

Second-home real estate platform Pacaso is now accepting cryptocurrency as a payment option. So, the company stated this on Wednesday, Oct 20th by crypto pay service provider BitPay.

Second homes are now open to buy with Bitcoin, including five USD-pegged stablecoins.

“Cryptocurrencies are seeing increased adoption across the real estate industry. Thus, a crypto pay option is a recurring topic in our talks with prospective buyers of second homes.” said Austin Allison, Pacaso’s Co-founder, and CEO, in the announcement.

“As we expand, we aim to put second-home co-ownership within reach for more people across the globe. Yet, we’re thrilled to be able to respond to that demand and extend as many payment options as we can to our customers.” he said.

Allison believes that people will advocate for crypto-based payments on their second homes. Therefore, it means the mass adoption of digital currencies is on.

“Whether you’re HODLing Bitcoin. Or, varying out of a DOGE portfolio, Pacaso is here to help you realize your second-home dreams.” he said.

Pacaso allow clients to use their preferred wallet for payment

In today’s world, banks are not always willing or able to provide financing. Pacaso is revolutionizing home buying with cryptocurrency. Thus, buyers can use their crypto as a down payment on the house. Then finance everything else using BitPay’s invoicing tools.

Users are free to pick their preferred wallet or exchange and choose crypto they wish to pay. Then, either scan the QR code on the screen with your phone’s camera OR manually enter payment details.

“We are seeing more crypto transactions made for large purchases like real estate. It is evident, more crypto holders want to spend and live their life on crypto. Pacaso makes a second home a reality,” said Stephen Pair, CEO of BitPay, in the joint announcement. “The market potential for crypto is huge. $55 billion is the estimated value of purchases buyers will make using cryptos in within a year.”

Last month, Pacaso announced that it had generated $125 million in Series C funding. The company’s valuation was now at 1.5 billion dollars. And the total equity investment is well over 215 Million.

Pacaso is one of the most innovative real estate companies in America. It is managing almost $200 million worth annually on its platform. It has operations across 25 markets including Napa Valley and Miami as well.