Seeking Alpha

RealtyShares accepting Bitcoin

  • In a marriage of Bitcoin (BITCN) and crowdfunding, RealtyShares - a small player in the newish area of crowdfunded real estate investment - becomes one of the first in the field to accept the digital currency.
  • Investments of as low at $1K - just over one Bitcoin at the current price - will be allowed.
  • "When you move $10K across the sea you can end up spending $200 or $300 just on transaction fees," says one owner of Bitcoin looking for a place to invest. "It's a nightmare. It takes ages and it's very irritating." Transferring Bitcoin, however, is nearly instantaneous and generates no fees (not to mention minimal documentation).
  • "By accepting Bitcoin and offering an innovative online investment platform that allows people to crowdfund private real estate investments, RealtyShares opens up the $500 Billion investment real-estate market to a much broader set of investors," says the company.
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