The surge in cryptocurrency transactions in the Spanish real estate market

2024-11-18 17:51:29

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ChainCatcher news, according to Bitcoin.com, Spanish real estate technology company Enlace revealed that the number of real estate transactions using some form of cryptocurrency as a payment method has significantly increased this year.

The company found that due to the advantages of these payment methods, such as faster fund availability compared to traditional home buying methods and being more cost-effective than international bank transfers, the usage rate of this payment method has grown by 15% in 2024.

This trend is particularly evident in major cities like Barcelona, Madrid, and Valencia, where cryptocurrency transactions account for 60% of all transactions in the industry. Enlace expects that approximately 6% of real estate transactions in 2024 will involve cryptocurrency payments.

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