Luxury condos are not for sale in Portugal and FNTX Capital Suisse and 355 Developments allows the customers to buy the real estate with DOGE and Cardano’s ADA as we can see more in our latest cryptocurrency news today.
The announcement reads:
“The company’s custody, escrow, stablecoins, crypto exchange, fiat settlements, and AML/KYC solutions will streamline real estate operations and expand investment options for developers and investors.”
The partnership allows the customer to buy real estate in Lisbon, Portugal in a streamlined fashion via the FNTX Real Estate Exchange as the platform tracks the prices of supported cryptos in real-time as the founder David Rabbi said:
“What ultimately takes place now will say a lot about the future of both the property business, the world’s largest asset class, and blockchain industry.”
According to the announcement, FNTX now hopes that the partnership with 355 Developments and other residential projects and luxury condos will complete the business circle which refines the way people market and buys, and sell properties. At the same time, DOGE and its copycatcs have been turning heads lately thanks to the price rally which the companies pointed out that the cryptos are still risky assets and volatile propositions. Some crypto investors could choose to diversify into real estate, at least that’s why these companies in Portugal hope for. SpaceX CEO and Tesla CEO Elon Musk is the most famous DOGE supporter who launched a Twitter poll asking his followers if they would like an option to pay for electric cash with DOGE and people voted yes.
Tesla & Bitcoin pic.twitter.com/YSswJmVZhP— Elon Musk (@elonmusk) May 12, 2021
Tesla & Bitcoin pic.twitter.com/YSswJmVZhP
— Elon Musk (@elonmusk) May 12, 2021
At the same time, Tesla announced that it is suspending BTC payments due to environmental concerns. The move sparked criticism as some voiced concerns about Bitcoin’s environmental impact which is vastly overblown while others criticize Tesla’s inadequate research of the subject.
As reported recently, Digital Currency Group CEO Barry Silbert announced that the Grayscale parent company opened up a $1 million short position on Dogecoin and bet on the token’s decline. To open a short position, Silbert used a margin token called DOGEBAR on the crypto derivatives exchange FTX. As per the description, this is an ERC20 token that seeks a return that will correspond with 3 times the daily return of Dogecoin. In other words, the token will allow traders to open a short position with three times the leverage without using perpetual contracts or margin trading.
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Stefan has been writing articles for DCForecasts since 2016 in-house full time. As one of our main cryptocurrency writers, he focuses on covering the latest cryptocurrency news, technical charts, price analyses of coins and press releases. When he is not exploring and covering the latest topics in crypto, you can find Stefan playing basketball, tennis or cycling.
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