It seems like it was not too long ago that cryptocurrency was only used for shady dealings on the dark web. Today, the landscape is vibrant with new opportunities and a growing list of applicable crypto use cases. At the end of this current decade, it will be possible to buy a house with cryptocurrency; on top of that, it will be easy. This sounds hard to believe, but it is true.
How to Invest in Property with Crypto
If you are truly serious about investing in property with BTC, BNB, or XRP, then there are a few large factors to consider. First and foremost, you must find an individual or institution property owner who accepts crypto as payment. As one can imagine, this is no easy task. If you somehow find someone who can accommodate your needs, the next step is deciding if this seller is trustworthy. Even if you do find a trustworthy seller, there are more roadblocks.
Next, you will have to find a title insurance and escrow company that feels comfortable handling your crypto transaction. There is a good chance that this company will ask you to cash out your crypto in favor of something more traditional (e.g. fiat), essentially defeating the purpose of investing a property with crypto. If this all seems like a great deal of work to you, then you are right. However, there is an easier solution.
Investing in Property Just Got Easier with Elad Network
As mentioned earlier, buying a property with crypto is an expensive and tedious adventure. Thankfully, there are modern options that make everything a bit easier. For example, Elad Network is a blockchain based global real estate platform whose aims to provide a one-stop real estate investment and P2P exchange that leverages the power of blockchain technology. Built on the Ethereum blockchain, the Elad Network system consists of three significant sections:
Listing Platform: This allows sellers to list properties and info that allows buyers to find properties.
Transaction Platform: This utilizes blockchain technology and smart contracts to allow users to send payments, paperwork, and records.
Global P2P Auction Facility: This allows customers to auction their share with anyone in the world via the ELAD Network auction facility built into the platform.
Ultimately, these three sectors are bringing us closer to a revolutionary peer-to-peer (p2p) environment in which users can buy properties entirely throughout the blockchain and use mediation. The new technology allows users to save time on manually uploading paperwork; it can also protect users from abusive fraudulent activities.
Additionally, Elad Network will bring real estate investment available for everyone, even for the small investors. By taking advantage of fractional ownership any property can be divided into different sized blocks we can provide investment opportunities from £50 to £50,000 up to the value of the property. Anyone has the ability to purchase these blocks but there are only a limited number available for each property, once owned there will be a monthly return on the profit which is directly relational to the size of the block that you have invested in (fractional ownership).
While it is not as easy as ordering a pizza online, investing in a property through Elad Network is far more efficient than traditional methods. On this platform, users can creating new homes, buying, and selling property with ease.
Fractional ownership can create new homes with the crowdfunding model, and provide new homes to rent for people and students that don’t plan own real estate, fractional ownership also provides an option to be invested in the property you plan to rent helping to offset payment on rent depending on how many blocks you own.
Buying a property will never be as easy with Elad Network blockchain platform. The decentralized characteristic of blockchain cuts out intermediaries and reduces costs to produce better prices and profits, along with accurate representation, smart contracts insure trust, thus increasing transparency and maximized profit for all.
For property sellers, Elad Network allows sellers to sell properties for a small fixed fee from 0.25% through the secure online platform. Sellers will also have the opportunity to expose their assets to global crowdfunding, part ownership and direct P2P sales which will increase access to liquidity due to a wider audience.
All the transactions within the platform will execute by smart contract effectively and in transparent manner. The blockchain stores all of the documents’ hashes, allowing each party involved to verify the existence of the documents. This eliminates the need for most intermediaries, and it makes the buying process quick, efficient, and secure. Once the smart contract accepts the payment, the Elad Network system transfers it into a desired wallet; then, records the title deed on the blockchain.
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