Walking around most cities, you’d find it tough to come across a local restaurant which accepts cryptocurrency as a payment option. Yet, in a matter of minutes, you can buy your very own private island with digital coins. Funny, right? Maybe, but it’s today’s reality.
So, if you’re looking for the ultimate luxury accommodation, get your cryptocurrency wallet ready and check out this Italian luxury destination that can be yours for a (relatively) affordable price.
How to Buy Your Own Private Island
Buying your own island sounds like a crazy idea, doesn’t it? We tend to associate such extravagance with James Bond villains, infamous dictators, or Hollywood celebrities. While the assumption makes total sense, you can add your name to the ultra-exclusive list of top-tier individuals. For roughly 5 million dollars, you have an opportunity to purchase a small island off the coast of Italy. Sure, not everyone has millions of dollars. However, if you think about it, the price tag is pretty reasonable for a private piece of land in the Mediterranean Sea. More importantly, one is able to obtain the aforementioned property entirely online via Propy’s platform that accepts USD, EUR, ETH, BTC, and XRP for this transaction.
Is Buying Private Islands with Crypto a New Trend?
Just a quick Google search will show you a variety of islands around the world that you can buy with crypto. Whether it’s a piece of land in Fiji or an island in the Caribbean, you can buy your very own possession with Bitcoin or some other digital currency. Is this another crypto fad? Perhaps. However, the abundance of offerings makes one believe that “crypto real estate” is here to stay.
Propy Leads the Way in Real Estate Revolution
The increase in online property purchases is substantial evidence of an evolving industry. Blockchain’s disruption of the real estate industry is well underway, and Propy is at the forefront of this revolution. Much like “i-buyer” sites such as Zillow and Opendoor, Propy lets users shop for real estate from the comfort of their own homes.
With the Propy platform’s integration of blockchain technology and automation, the real estate closing process has evolved to the next level. Today, documents can get signed remotely, and records can be easily stored on a secure blockchain and accessed at any time under any circumstances. Additionally, with these technologies, the risks of fraud decrease dramatically. As new technologies develop, anyone can buy private islands, apartments, and other types of properties from anywhere in the world without stepping a foot outdoors.