• Gafisa (a Brazilian realty developer) now accepts bitcoin payments.
• Gafisa has teamed up with Foxbit, which is a crypto gateway service to allow for the introduction of.
• Foxbit is designed to eliminate intermediaries such as banks, brokerage firms, agents, payment processors and brokers.

A Foxbit press release stated that Gafisa is taking Bitcoin as payment to purchase the property.

One of the reasons for Gafisa’s Bitcoin integration, according to Foxbit, was the elimination of intermediaries like banks, real estate firms, agents, payment processors, or other parties. In a real-estate transaction, there are many intermediaries. Bitcoin allows for faster and more secure transactions while eliminating the risk of fraud.

According to the news release, Gafisa’s decision to accept bitcoin was also influenced by the disruptive aspect of the technology because it can provide chances for mor …

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