The bitcoin has over the recent years gained acceptance as a currency to be used in real life transactions. Its recent surge in value has been mind-boggling. Samuel Strauch, a real estate agent in Miami, South Florida, explains the concept of digital currencies in real estate sector. Just a few years ago, the value of bitcoin was equivalent to that of $1. As I write this, the value is standing at $4600. For those who bought it while it had not gained in value, they are making a career today. People who had bought just a few bitcoins today are worth thousands of dollars. The bitcoin has been accepted as a legal means of transacting business in parts of the United States. In Miami, Florida, the digital currency is being used to transact real estate related deals. The real estate professionals in the area such, as Samuel Strauch, have discovered that there is value in using bitcoins to handle large real estate transactions and learn more about Samuel Strauch.
Bitcoin is a flexible means of transacting since it acts as both a store of value and a digital cash system. Either way, the bitcoin assures investors that they are not at risk of losing their money overnight. Bitcoin has been widely accepted such that people who never had any knowledge about digital currencies are starting to appreciate the benefits they offer. Bitcoins transactions are very safe plus they incur minimal charges, unlike normal currency transactions. With bitcoin, it is possible to transact millions of dollars with charges of less than $10. This is impossible with traditional currencies. In banks, to transact huge amounts of money, you might even end up being charged $100,000. The process of completing transactions via bitcoin is also very fast. You only need an internet connection to complete the whole process within minutes and Samuel on Facebook.
Samuel Strauch explains that the low fees that are charged while transacting using the bitcoin have encouraged investors in the Miami real estate sector to turn to them as an alternative to traditional currencies. Home buyers and sellers are also accepting other forms of digital currencies such as Zcash and more information click here.
According to Samuel Strauch, what many players realize is that there is a high probability that the digital currencies will continue to gain value over the years and by simply having them will be like another investment. It is better to have bitcoins that to have your money in the bank accruing meager interests. For the risky entrepreneurs, it’s better to have bitcoins which have a possibility over multiplying overnight and Samuel’s lacrosse camp.