Know more about Pacaso
Co-founded by Austin Allison and Spencer Rascoff, the real estate platform Pacaso helps customers co-own second homes. It has brought in the concept of shared ownership. People can book stays throughout the year and resale is also an easy prospect. By allowing Bitpay payments, Picasso hopes to expand internationally and take the concept of second home co-ownership to more people across the globe. It is showing an increased crypto adoption across the country in the real estate sector. Rascoff has co-founded Hotwire.com and Zillow Group too.
Bitpay CEO speaks
Stephen Pair, the CEO of Atlanta-based Bitpay, expressed happiness about Bitpay seeing much larger transactions in the form of payments for home buying. He made it clear that Pacaso clients can choose from digital assets like Bitcoin (BTC), Litecoin (LTC), Ethereum (ETH), or Dogecoin (DOGE), Bitcoin cash (BCH), and Wrapped Bitcoin (WBTC). They can also utilize five available stablecoins.
According to Pair, an estimated $55 billion value of purchases will be made using cryptocurrencies in the next 12 months. Clients can use crypto assets for down payments and use the currency for the rest of the equated monthly payments. They can also split the payments between crypto and currency in other ways. Thus, it is as simple as fiat. In whichever way, their dream for a second home will be realized.
It might be Bitcoin or a Doge-heavy portfolio; Pacaso is ready to accept any form of crypto to their customers’ advantage. It has realized that the potential for crypto is going to rise exponentially, and Pacaso is riding the wave.