Cryptocurrency and Real Estate Transactions

The revolution in financial technology (FinTech) nowadays is considered as a main noticeable feature of the contemporaneous technological advancement in this century. The burgeoning blockchain technology and cryptocurrencies market are described as the main financial innovations fall within the FinTech ambit. The application of cryptocurrencies in real estate transactions is expected to reshape the whole market and has the potential to be the main game changer for the real estate industry. The real estate market participant, research scholars, and policy makers are currently heating the discussions over the potential benefits can be brought by digital currencies to real estate market. This chapter aims to corroborate and contribute to the academic literature on the future role of cryptocurrencies in real estate market in the following ways. First, the chapter provides an evidence on the imperativeness of cryptocurrencies and blockchain to the real estate sector. Second, the chapter describes the potential benefits of digital currencies to real estate transactions. Third, the chapter sheds the light on how crypt-based real estate transactions are performed.