While Tesla Decides on Dogecoin, FNTX Users Can Buy Condos with DOGE
- FNTX has partnered with 355 Developments to offer luxury condos in exchange for DOGE, BTC, & other cryptocurrencies.
Throughout the course of 2021, DogeCoin (DOGE) went from a little-known 'joke' cryptocurrency to one of the world’s most popular cryptocoins, creating a number of 'DogeCoin millionaires' in the process.
Elon Musk, who is famously a fan of DogeCoin, is currently holding a Twitter poll asking whether or not Tesla should accept DOGE as payment. In the past, DOGE’s direct purchasing power was somewhat limited. However, today DogeCoin holders can use their coins to buy something new: a luxury condo.
Do you want Tesla to accept Doge?
— Elon Musk (@elonmusk) May 11, 2021
FNTX Capital Suisse, a Zug-based crypto Payments Payments One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonly the basis of exchange involves fiat currency or legal tender, be it in the form of cash, credit or bank transfers, debit, or checks. While typically associated with cash transfers, payments can also be made in anything of perceived value, be it stock or bartering – though this is far more limited today than it has been in the past.The Largest Players in the Payments IndustryFor most individuals, the payments industry is dominated currently by card companies such as Visa or Mastercard, which facilitate the use of credit or debit expenditures. More recently, this industry has seen the rise of Peer-to-Peer (P2P) payments services, which have gained tremendous traction in Europe, the United States, and Asia, among other continents.One of the biggest parameters for payments is timing, which looms as a crucial element for execution. By this metric, consumer demand incentivizes technology that prioritizes the fastest payment execution.This can help explain the preference for debit and credit payments overtaking check or money orders, which in previous decades were much more commonly utilized. A multi-billion-dollar industry, the payments space has seen some of the most innovation and advances in recent years as companies look to push contactless technology with faster execution times. One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonly the basis of exchange involves fiat currency or legal tender, be it in the form of cash, credit or bank transfers, debit, or checks. While typically associated with cash transfers, payments can also be made in anything of perceived value, be it stock or bartering – though this is far more limited today than it has been in the past.The Largest Players in the Payments IndustryFor most individuals, the payments industry is dominated currently by card companies such as Visa or Mastercard, which facilitate the use of credit or debit expenditures. More recently, this industry has seen the rise of Peer-to-Peer (P2P) payments services, which have gained tremendous traction in Europe, the United States, and Asia, among other continents.One of the biggest parameters for payments is timing, which looms as a crucial element for execution. By this metric, consumer demand incentivizes technology that prioritizes the fastest payment execution.This can help explain the preference for debit and credit payments overtaking check or money orders, which in previous decades were much more commonly utilized. A multi-billion-dollar industry, the payments space has seen some of the most innovation and advances in recent years as companies look to push contactless technology with faster execution times. Read this Term specialist and OTC liquidity provider, has partnered with Portuguese property developer, 355 Developments for a new real estate initiative led by David Rabbi, the project’s Co-Founder. Mr Rabbi and FNTX Co-Founder Israel Bitton have leveraged a network of fiat-friendly banking and settlement services in several jurisdictions in FNTX's mission to assist business merchants and institutional clients in accepting crypto payments and cross-border transaction settlements.
Through the partnership, crypto holders will have the opportunity to purchase luxury homes in Lisbon directly with their digital assets, including DogeCoin and many other cryptocurrencies.
Purchases can be executed via FNTX’s 'Real Estate Exchange' platform. Through the platform, FNTX Suisse facilitates real-estate ownership and exchange via crypto transactions. The platform is updated in real-time with cryptocurrency pricing for each listed property.
“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,” an official announcement stated.
Streamlining the Process of Purchasing Real Estate with Crypto
The initiative could mark an important moment for the purchasing power of cryptocurrencies. Historically, making large purchases with cryptocurrencies has been a nightmare of large-scale conversion to fiat, taxes and bureaucracy.
Granting crypto holders with the ability to directly purchase real estate with their crypto could change that.
Despite Their Popularity, Cryptocurrencies Are Still Volatile–Real Estate May Be a Safer Option
In addition to DogeCoin, the launch of FNTX’s real estate initiative closely follows the astronomical rise of Bitcoin and a number of other cryptocurrencies.
However, as popular as cryptocurrencies have become, their volatility may still cause some investors to pause. For example, “DOGE went up over 400% last month while BTC plunged 10%,” an official announcement said. Therefore, “some crypto investors may choose to diversify into real estate.”
FNTX believes that its collaboration with 355 Developments and other “top tier residential projects” will “complete the business circle that refines the way people market, search for, buy, sell and invest in properties.”
Throughout the course of 2021, DogeCoin (DOGE) went from a little-known 'joke' cryptocurrency to one of the world’s most popular cryptocoins, creating a number of 'DogeCoin millionaires' in the process.
Elon Musk, who is famously a fan of DogeCoin, is currently holding a Twitter poll asking whether or not Tesla should accept DOGE as payment. In the past, DOGE’s direct purchasing power was somewhat limited. However, today DogeCoin holders can use their coins to buy something new: a luxury condo.
Do you want Tesla to accept Doge?
— Elon Musk (@elonmusk) May 11, 2021
FNTX Capital Suisse, a Zug-based crypto Payments Payments One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonly the basis of exchange involves fiat currency or legal tender, be it in the form of cash, credit or bank transfers, debit, or checks. While typically associated with cash transfers, payments can also be made in anything of perceived value, be it stock or bartering – though this is far more limited today than it has been in the past.The Largest Players in the Payments IndustryFor most individuals, the payments industry is dominated currently by card companies such as Visa or Mastercard, which facilitate the use of credit or debit expenditures. More recently, this industry has seen the rise of Peer-to-Peer (P2P) payments services, which have gained tremendous traction in Europe, the United States, and Asia, among other continents.One of the biggest parameters for payments is timing, which looms as a crucial element for execution. By this metric, consumer demand incentivizes technology that prioritizes the fastest payment execution.This can help explain the preference for debit and credit payments overtaking check or money orders, which in previous decades were much more commonly utilized. A multi-billion-dollar industry, the payments space has seen some of the most innovation and advances in recent years as companies look to push contactless technology with faster execution times. One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonly the basis of exchange involves fiat currency or legal tender, be it in the form of cash, credit or bank transfers, debit, or checks. While typically associated with cash transfers, payments can also be made in anything of perceived value, be it stock or bartering – though this is far more limited today than it has been in the past.The Largest Players in the Payments IndustryFor most individuals, the payments industry is dominated currently by card companies such as Visa or Mastercard, which facilitate the use of credit or debit expenditures. More recently, this industry has seen the rise of Peer-to-Peer (P2P) payments services, which have gained tremendous traction in Europe, the United States, and Asia, among other continents.One of the biggest parameters for payments is timing, which looms as a crucial element for execution. By this metric, consumer demand incentivizes technology that prioritizes the fastest payment execution.This can help explain the preference for debit and credit payments overtaking check or money orders, which in previous decades were much more commonly utilized. A multi-billion-dollar industry, the payments space has seen some of the most innovation and advances in recent years as companies look to push contactless technology with faster execution times. Read this Term specialist and OTC liquidity provider, has partnered with Portuguese property developer, 355 Developments for a new real estate initiative led by David Rabbi, the project’s Co-Founder. Mr Rabbi and FNTX Co-Founder Israel Bitton have leveraged a network of fiat-friendly banking and settlement services in several jurisdictions in FNTX's mission to assist business merchants and institutional clients in accepting crypto payments and cross-border transaction settlements.
Through the partnership, crypto holders will have the opportunity to purchase luxury homes in Lisbon directly with their digital assets, including DogeCoin and many other cryptocurrencies.
Purchases can be executed via FNTX’s 'Real Estate Exchange' platform. Through the platform, FNTX Suisse facilitates real-estate ownership and exchange via crypto transactions. The platform is updated in real-time with cryptocurrency pricing for each listed property.
“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,” an official announcement stated.
Streamlining the Process of Purchasing Real Estate with Crypto
The initiative could mark an important moment for the purchasing power of cryptocurrencies. Historically, making large purchases with cryptocurrencies has been a nightmare of large-scale conversion to fiat, taxes and bureaucracy.
Granting crypto holders with the ability to directly purchase real estate with their crypto could change that.
Despite Their Popularity, Cryptocurrencies Are Still Volatile–Real Estate May Be a Safer Option
In addition to DogeCoin, the launch of FNTX’s real estate initiative closely follows the astronomical rise of Bitcoin and a number of other cryptocurrencies.
However, as popular as cryptocurrencies have become, their volatility may still cause some investors to pause. For example, “DOGE went up over 400% last month while BTC plunged 10%,” an official announcement said. Therefore, “some crypto investors may choose to diversify into real estate.”
FNTX believes that its collaboration with 355 Developments and other “top tier residential projects” will “complete the business circle that refines the way people market, search for, buy, sell and invest in properties.”