With the way the entire crypto market is expanding, everyone wants a piece of the crypto pie. Investors are looking to make it big in the crypto industry as they look for cryptocurrencies that will be able to make them that kind of money. On the other hand, various companies are also following investors into the crypto market, as they try to get better with the times of the new type of asset.
Various industries have started to better integrate cryptocurrencies in an effort to bring in more customers. Very recently, AMC from the cinema industry started accepting cryptocurrencies in order to increase the number of customers they were seeing since they had reopened again. Even some companies in the US in the healthcare industry have started to better integrate crypto. Various private practitioners now take payments in crypto as well as some of the biggest plastic surgeons in the country.
And recently, the latest industry to be joining the newest asset and currency method happens to be the real estate industry. And Iloilo became the first city in the east that has seen real estate transactions in cryptocurrencies.
Three houses in one of the major cities in the Philippines, Iloilo, were just sold to buyers in cryptocurrencies. Two of these three houses were sold to the buyers for Bitcoin, with the last one being sold for Litecoin. This marks a major step in the right direction for the crypto community within the country, as more and more people are starting to accept cryptocurrencies.
The city has just a population of 2 million people and is famous for its incredibly beautiful very old houses and Spanish churches. However, that is not the only reason why it is very famous, as it is the first city in the entire Asia Pacific region that sold houses for cryptocurrencies.
According to various experts in the region, Iloilo is all set to be a major tech hub for the country by 2030. Better known as the heart of the city, it rests exactly in the middle of the Philippines. Its location and its future as a tech hub have allowed the story for the residential apartments selling for cryptocurrency to stand out even more.
The properties that people bought for Bitcoin and Litecoin included a condo near the Esplanade River. The two-bedroom apartment rests right beside one of the most popular attractions in the entire city. On the other hand, the second house happened to be a four-bedroom villa, as well as a three-bedroom house. All of these luxurious houses were sold to buyers for Bitcoin and Litecoin respectively.