{"id":21294,"date":"2022-11-15T14:02:52","date_gmt":"2022-11-15T14:02:52","guid":{"rendered":"http:\/\/www.anthonydidonato.net\/wordpress\/?p=21294"},"modified":"2022-11-15T14:02:53","modified_gmt":"2022-11-15T14:02:53","slug":"after-collapse-does-cryptocurrency-still-hold-promise-for-real-estate","status":"publish","type":"post","link":"https:\/\/www.anthonydidonato.net\/wordpress\/after-collapse-does-cryptocurrency-still-hold-promise-for-real-estate\/","title":{"rendered":"After Collapse, Does Cryptocurrency Still Hold Promise for Real Estate?"},"content":{"rendered":"\n

Despite an extremely volatile crypto market, one real estate pro says a decentralized financial system could help create more immediacy in housing transactions.<\/p>\n\n\n\n

When she unexpectedly ran out of cash during a trip to Cuba, Kristin Smith knew her options for accessing more funds were limited. Without the ability to use a credit card or pull money from her U.S. bank account, Smith, an agent with Dave Perry-Miller Real Estate in Dallas, was told to call a contact in the U.S. who could transfer money to her via Western Union. Smith called her mother, who was immediately concerned. \u201cI\u2019m asking for money in Cuba,\u201d Smith told attendees Saturday during a session at NAR NXT, The REALTOR\u00ae Experience(link is external)<\/a> in Orlando, Fla. \u201c[My mom is] asking, \u2018Are you being held captive? Are you safe? Is this a ransom?\u2019\u201d<\/p>\n\n\n\n

While the situation was eventually rectified, Smith found herself analyzing all the barriers she faced on the trip\u2014which aren\u2019t all that different from barriers when moving money around on the traditional market, she said. \u201cWhat crypto is going to do is remove those barriers,\u201d Smith posited. She offered a primer on the basic terminology related to cryptocurrency and its potential applications for real estate.<\/p>\n\n\n\n

Important Terms in the Cryptocurrency World<\/h2>\n\n\n\n