Filipino Real Estate Broker Willing to Accept Crypto Payments for 3 Properties

A prominent real estate broker in the Philippines has reportedly listed three houses up for sale and effectively made it public that he would be willing to accept crypto payments. Dr. Joel Advincula, a realtor working for RE/MAX Advantage, Iloilo, announced this via Facebook.

Of the three properties, one is a villa with several 4-bedroomed houses and it’s situated right at the heart of Sto’s Bernwood Resort Villas. The other two are a 3-bedroomed home and a 2-bedroomed condo, both found in Lapaz and Esplanade River, respectively.

According to Advincula, an approved broker who shared three posts, owners of the listed homes are willing to accept cash and crypto payments. The houses are located in Iloilo, a Panay Island known for its iconic ancient churches made Spanish explorers.

Any cash payments will have to be converted to Bitcoin or Litecoin. This, of course, is easy, thanks to Bloom X, SCI and PDAX, three entities permitted by the country’s central bank, called Bangko Sentral ng Pilipinas.

Is It A Testament To How Enthusiastic To The Crypto Philippines Is?

It seems so, according to Jonha Richman, an accomplished consultant who sees this major development as a new direction taken by the crypto conversation. Manila, Philippines-headquartered Coins.ph seemingly alludes the same to the situation in the country.

Coins.ph head of cryptocurrency programs, Colin Goltra, says that owing to about 75% of all locals not being able to access credit cards and bank accounts, crypto seems to be the best alternative. And it rightly is something that even the government is solemn about.

The government of Philippine has never shied away from its quest to be the hotbed of digital currencies in Asia. It first gave all Blockchain and cryptocurrency companies a go-ahead to freely operate across the country.

As if that wasn’t enough, Union Bank unveiled the first two-way cryptocurrency-supporting ATMs in Philippine. And so, as the first fruits of all these efforts start to ripen, it is just a subtle indicator that indeed crypto is penetrating the ordinary world.

Disclaimer

Bitcoin tokens, or BTC, are cryptos under the Bitcoin Core chain, often referred to as SegWit. Unlike BTC, however, Bitcoin Cash and other coins under the same chain, notably BCH-ABC or BCH-BAB, fall under the Bitcoin Cash chain.

The need for scalability in Bitcoin has necessitated the formation of BSV (Bitcoin Satoshi Vision). It is, thus, the only project that agrees to the original whitepaper drafted by Satoshi Nakamoto. It also the only publicly accessible Blockchain project with Satoshi’s original vision and potential to replace fiat and become the new money.

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