Digital Currency Influencing Real Estate Market in Florida

By Buying January 25, 2023
Digital Currency Influencing Real Estate Market Cover Title Picture. Also there is a house in the picture with a gold Bitcoin on top of it.

Digital Currency Influencing Real Estate Market

Digital Currency Influencing Real Estate.  Despite its slow adoption in the real estate industry, digital currency has the potential to revolutionize the industry by greatly improving accessibility to homeownership and streamlining the home-buying process. The industry should consider embracing this technology to stay ahead of the curve. The use of digital currency and the blockchain to buy and sell property could revolutionize the real estate industry. Real estate professionals and companies should consider embracing this technology to stay ahead of the curve.

Kristin Smith, a real estate agent at Dave Perry-Miller Real Estate in Dallas, has been investing in cryptocurrency since 2017. Her experience of traveling to Cuba with cash and facing difficulties in accessing more money made her realize the potential of digital currency in making transactions more accessible and efficient.  She is a vocal advocate for more real estate professionals to get involved in cryptocurrency. Currently, she serves as the chair of the National Association of REALTORS® Cryptocurrency Presidential Advisory Group.

Digital Currency Influencing Real Estate:  Current Numbers

Propy, a member of NAR’s REACH program, completed over $4 billion in real estate transactions on blockchain.  Moreover, offering transparency and efficiency that traditional transactions don’t have. Fintech refers to technologies that improve and automate traditional finance for businesses and consumers. Furthermore, it includes a wide range of transactions such as depositing checks with smartphones, raising money for business and using digital money.

Digital Currency Influencing Real Estate:  Protects Your Money

Cryptocurrency, a digital form of money, allows transactions verification and records to be maintained by a decentralized system using encrypted databases. Additionally, transactions are bought and sold online, unlike paper currency or coins. Some of the most popular cryptocurrency systems include Bitcoin, Ethereum, XRP, Cardano, and Litecoin.

Overall, digital currency and blockchain technology are still relatively new concepts in the real estate industry, but they have the potential to greatly improve accessibility to homeownership and streamline the home-buying process. Real estate professionals and companies should consider embracing this technology to stay ahead of the curve.

Check out this article next

Have Home Values Hit Rock Bottom?

Have Home Values Hit Rock Bottom?

Have Home Values Hit Rock Bottom? Have home values hit rock bottom? It's a question on many homeowners and potential buyers minds. While experts disagree on…

Read Article
About the Author
Aaron Hunt, Broker Associate

Raised in a family of creative entrepreneurs, Aaron Hunt, Realtor St Petersburg FL, guides his clients with the same irrepressible spirit he was surrounded by as a kid. A Florida transplant, Aaron relates well to the out-of-state buyers, retirees, and vacation home-dwellers who make up the bulk of his clientele. He makes no secret of his love for St. Petersburg and its neighboring cities and towns, and it fuels his passion for helping buyers find their dream home.

Originally from the San Francisco Bay Area, Aaron grew up on the West Coast. His family owns hotels throughout California, Idaho, and Las Vegas, which has shaped Aaron’s eye for detail and his mind for business. In his subsequent career in the spa industry, he established a high bar for client service designed to cater to every discerning taste. From pampering spa customers to tending to real estate clients, Aaron knows how to take care of people.

Realtor St Petersburg FL:  Exceeding Expectations

By limiting the number of clients he represents at any given time, he ensures his undivided attention, absorbing every detail so he can deliver outstanding results and exceed expectations. Aaron co-founded Avalon Group, Realtor St Petersburg FL, in 2014 and grew it into the top-rated real estate team in St. Petersburg and Tampa Bay out of over 10,000 agents. Some of Aaron's greatest strengths are organizing and leading complex projects, making deals happen, and driving profit.

Aaron negotiates deftly for his buyers’ ideal homes.  Furthermore,  he attracts multiple enticing offers for his sellers’ properties.   Aaron prepares meticulously for every transaction, thoroughly covering every detail so clients encounter no surprise. He also relies on his dynamic support team and vast professional network to ease every facet of a transaction.  Additionally he makes sure to fulfill specific client needs. Aaron, a broker associate and Pricing Strategy Advisor, satisfies his competitive streak when everyone wins.

Realtor St Petersburg FL:  Living the Tampa Bay Lifestyle

Aaron has been a proud Florida resident since 2013. There’s always something interesting to do in St. Petersburg, and Aaron relishes it, exploring the city, traveling, hiking, biking, and visiting with friends. He also enjoys trying new restaurants in the region, especially in neighborhoods where he has homes listed. Aaron takes time to give back to his community by supporting St. Pete Pride and other annual festivals throughout the area.