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.
FNTX Capital Suisse, a Zug-based crypto Payments 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.
“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,” said David Rabbi. Mr Rabbi, who is also an attorney, brings his leadership experience in real-estate markets in Portugal to FNTX’s initiative.
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.
FNTX Capital Suisse, a Zug-based crypto Payments 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.
“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,” said David Rabbi. Mr Rabbi, who is also an attorney, brings his leadership experience in real-estate markets in Portugal to FNTX’s initiative.
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.”
Rachel is a self-taught crypto geek and a passionate writer. She believes in the power that the written word has to educate, connect and empower individuals to make positive and powerful financial choices. She is the Podcast Host and a Cryptocurrency Editor at Finance Magnates.
Worldcoin Defies Regulatory Challenges: Seeks Partnership with OpenAI
Network, Learn, Grow | FMAS:24
Network, Learn, Grow | FMAS:24
Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
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Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
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Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
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Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
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Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
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Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
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Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
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