Source: CryptoNewsNet
Original Title: Hundreds of wealthy investors are using crypto to buy real estate in Europe
Original Link:
About a year ago, Nikolay Denisenko, a former lead backend engineer at European fintech firm Revolut, began to formalize a process whereby “special customers” of his new crypto payments app, Brighty, could use their digital assets to buy real estate.
Since then, demand has exploded.
Brighty has brokered over 100 deals so far for wealthy customers of the Lithuania-licensed platform, enabling them to buy apartments with crypto, with many more in the pipeline. Residential real estate purchases are mostly made in destinations such as the UK, France, Malta, Cyprus, and Andorra, Denisenko said.
“We have between 100 and 150 wealthy customers, and it’s growing fast,” said Denisenko, Co-Founder & CTO at Brighty App in an interview. “The average spend for these people is around $50,000 per month. The upper bound, in terms of a use case, is buying apartments in Europe. The size of these transactions varies from around $500,000 to about $2.5 million.”
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Hundreds of wealthy investors are using crypto to buy real estate in Europe
Source: CryptoNewsNet Original Title: Hundreds of wealthy investors are using crypto to buy real estate in Europe Original Link: About a year ago, Nikolay Denisenko, a former lead backend engineer at European fintech firm Revolut, began to formalize a process whereby “special customers” of his new crypto payments app, Brighty, could use their digital assets to buy real estate.
Since then, demand has exploded.
Brighty has brokered over 100 deals so far for wealthy customers of the Lithuania-licensed platform, enabling them to buy apartments with crypto, with many more in the pipeline. Residential real estate purchases are mostly made in destinations such as the UK, France, Malta, Cyprus, and Andorra, Denisenko said.
“We have between 100 and 150 wealthy customers, and it’s growing fast,” said Denisenko, Co-Founder & CTO at Brighty App in an interview. “The average spend for these people is around $50,000 per month. The upper bound, in terms of a use case, is buying apartments in Europe. The size of these transactions varies from around $500,000 to about $2.5 million.”