Yitanzi, a Tokyo-based real estate startup firm, announced its plan to sell a commercial complex for 547 bitcoin (~$6 million). It will be the first building in Japan to be sold using bitcoin, the company said.
Yokozawa Yuske, CTO of Yitanzi said that the recent boom in real estate market is due to the gains from cryptocurrency investments as crypto investors are targeting the real estate market to spend the digital currency trading profits.
Yuske also pointed the growing demand in the market where property owners are proffering multi-million dollar properties in exchange for bitcoin. As for now, the most accepted digital currency in the real estate market is bitcoin, he said.
Recently, we have reported that Japanese cryptocurrency trading and exchange platform BitFlyer has acquired the payment license to operate in EU.