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Condos.com Begins Accepting Cryptocurrency Payments to Facilitate Real Estate Transactions

Condos.com recently became the first online real estate forum to welcome cryptocurrency transactions as an accepted form of payment. The process will use BitPay’s 11 supported cryptocurrency coins as payment for both deposits and rebates on the website, which operates as a mediator between e-commerce and real estate industries.

“Through Condos.com, our mission is to become pioneers in the real estate industry by offering seamless and simplified luxury condo transactions, and we could not achieve this without venturing into the cryptocurrency space,” says Neel Kawale, CEO of Condos.com. “We are excited to witness the growth of this partnership and to continue elevating the way people purchase homes online.”

The partnership will allow consumers to scan the marketplace of new and pre-construction condominiums and use cryptocurrencies as a deposit, regardless of whether the development accepts cryptocurrency. Condos.com users can also receive rebates in any of BitPay’s 11 digital currency coins including, Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), Wrapped Bitcoin (WBTC), Litecoin (LTC), Dogecoin (DOGE), and 5 USD-pegged stable coins (GUSD, USDC, PAX, DAI and BUSD).

“We are thrilled to launch BitPay’s payment processing and payout services in the real estate sector with Condos.com,” says Bill Zielke, CMO of BitPay. “Cryptocurrency’s future is bright, and the impact it can have on real estate transactions is vast. Condos.com is evolving to the new practices of a digital-first world. We look forward to expanding our sector portfolio and reaching buyers around the world.”

The website launched in July and is headquartered in Miami and is available for residents and businesses in Canada, United Kingdom, California, and Florida. The site’s online database and proprietary data allow developers to expand their bulk inventory portfolio to increase visibility. For Brokers, they can quickly access qualified buyers while still receiving broker commissions to facilitate sales. As digital currency becomes accepted in real estate, the online marketplace aims to facilitate the transaction experience through a seamless process.

“As cryptocurrency continues to grow as a widely accepted form of payment for various services, we recognized this to be a crucial part of our business and a necessity for our growth trajectory,” says Richard Swerdlow, managing director of Condos.com. “We are grateful to partner with the industry’s largest provider of Bitcoin and cryptocurrency payment services to offer users the first online real estate marketplace adopting all forms of cryptocurrency.”

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Drew Limsky

Drew Limsky

Editor-in-Chief

BIOGRAPHY

Drew Limsky joined Lifestyle Media Group in August 2020 as Editor-in-Chief of South Florida Business & Wealth. His first issue of SFBW, October 2020, heralded a reimagined structure, with new content categories and a slew of fresh visual themes. “As sort of a cross between Forbes and Robb Report, with a dash of GQ and Vogue,” Limsky says, “SFBW reflects South Florida’s increasingly sophisticated and dynamic business and cultural landscape.”

Limsky, an avid traveler, swimmer and film buff who holds a law degree and Ph.D. from New York University, likes to say, “I’m a doctor, but I can’t operate—except on your brand.” He wrote his dissertation on the nonfiction work of Joan Didion. Prior to that, Limsky received his B.A. in English, summa cum laude, from Emory University and earned his M.A. in literature at American University in connection with a Masters Scholar Award fellowship.

Limsky came to SFBW at the apex of a storied career in journalism and publishing that includes six previous lead editorial roles, including for some of the world’s best-known brands. He served as global editor-in-chief of Lexus magazine, founding editor-in-chief of custom lifestyle magazines for Cadillac and Holland America Line, and was the founding editor-in-chief of Modern Luxury Interiors South Florida. He also was the executive editor for B2B magazines for Acura and Honda Financial Services, and he served as travel editor for Conde Nast. Magazines under Limsky’s editorship have garnered more than 75 industry awards.

He has also written for many of the country’s top newspapers and magazines, including The New York Times, Washington Post, Los Angeles Times, Miami Herald, Boston Globe, USA Today, Worth, Robb Report, Afar, Time Out New York, National Geographic Traveler, Men’s Journal, Ritz-Carlton, Elite Traveler, Florida Design, Metropolis and Architectural Digest Mexico. His other clients have included Four Seasons, Acqualina Resort & Residences, Yahoo!, American Airlines, Wynn, Douglas Elliman and Corcoran. As an adjunct assistant professor, Limsky has taught journalism, film and creative writing at the City University of New York, Pace University, American University and other colleges.