Leading real estate agency in Turkey now accepting crypto

Leading real estate agency in Turkey now accepting crypto
28/03/2019 , by , in INTERNATIONAL

Turkey has quickly risen as a popular target for the cryptocurrency industry. Fueled by growing inflation, Turkey’s residents have been seeking alternatives to fiat and this has led to greater adoption of crypto assets and a number of industry companies descending on the country. As the transition from fiat to crypto continues, a major real estate company has embraced the future and began accepting coins such as Bitcoin Core (BTC) last year. The decision has proven to be a smart one.

Antalya Homes is one of the largest real estate firms in Turkey. It announced last year that would begin to allow its clients to pay for real estate purchases using their crypto assets and, so far has sold nine properties for BTC.

The company’s chairman, BayramTekce, said that the company began accepting crypto payments because they are more secure and don’t incur deductions that are associated with the country’s volatile currency exchange rates. He adds, “Payment with cryptocurrency enables a more reliable and faster transaction performance such as money transfer between bank accounts without any exchange loss.”

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