Dogecoin may have started as a joke, but that is no longer the case. Besides Elon Musk hyping it up, Dogecoin is now gaining mainstream adoption. A Portuguese real estate company has announced that going forward, and it would start accepting payments in Dogecoin.
355 Developments has announced that it was partnering with FNTX Capital Suisse, a liquidity provider, to facilitate these crypto transactions. Through this deal, buyers will be able to buy the apartments in crypto assets like Dogecoin, Cardano, Bitcoin, and Ethereum. Such transactions will be done through the FNTX real estate exchange. The firm is expected to give investors real-time prices of the real estate in crypto.
At the moment, the exchange has three listings. The lowest-priced is a 2-bedroom apartment that is selling for about 1.57 million Dogecoin. The most expensive is a penthouse that has been listed at 5 million Dogecoin or $2.2 million.
The move by 355 Developments is not new and reflects the increasing adoption of cryptocurrencies in high-value transactions. Only recently, Beach Club, one of the biggest outdoor venues in Montreal, Canada, announced that it would start accepting cryptocurrencies for payments from next year.
The owner, Olivier Primeau, stated that Beach Club would be the first Canadian club to accept Bitcoin and ETH. While the organization did not offer details on crypto integration, it is a big deal. Their outdoor arena has the capacity of 100k people at a go. A percentage of that paying in crypto is a big deal.