On June 15, it has been reported in an announcement that Antalya Homes claims to have recorded the highest-valued real estate sale ever made while using Bitcoin as a payment in Turkey.
However, according to the company, the COVID-19 pandemic forced the real estate industry to innovate, as Antalya Homes reacted by offering virtual home tours and adding support for Bitcoin on its website.
Turkish real estate firm Antalya Homes sold a $1.25M property with Bitcoin https://t.co/ca1SxenTVD — Cointelegraph (@Cointelegraph) June 15, 2020
Bayram Tekce, the Chairman of Antalya Homes, explained:
“In the sale of a villa in Antalya, we recorded visuals of the house with a drone and did an online viewing tour with the customer. Then, we brought the buyer and the seller together on an online meeting and finalized the negotiations. Antalya Homes brokered the payments with Bitcoin. This sale, worth [$1.25 million], was the highest valued property sale ever made by Bitcoin in Turkey.”
It has been analyzed that the company’s website features a dedicated “Pay with Bitcoin” section, which notes that the company also facilitates payments with XRP, Bitcoin Cash (BCH), Litecoin (LTC), Bitcoin Gold (BTG), Tether (USDT), Stellar (XLM) and Ether (ETH).
Thus, the fees imposed on big transactions by traditional financial services make such payments a good use-case for cryptocurrencies.