Texas Startup My E Listing Lets You Buy Real Estate with BTC or ETH
Texas startup My E Listing is launching a website that will allow users to purchase real estate in the Lone Star State with digital currency. Right now, properties can only be purchased with either bitcoin or Ethereum, but the company says it plans to extend its digital currency capabilities in the coming months.
My E Listing Lets You Buy Your Dream Home with BTC
My E Listing CEO Caleb Richter stated in an interview:
This initiative will drive innovation in the crypto and real estate industries. Real estate commerce needs to be changed. It’s hard enough as it is to buy property in your local neighborhood, let alone in another state or country.
The move is pushing the goals of bitcoin and its digital counterparts closer to being achieved. What many people likely forget is that while bitcoin and many of its crypto cousins have taken on either speculative or even hedge-like statuses in recent years, many of them were initially designed to serve as payment tools. They were built to push checks, credit cards, and fiat currencies to the side, but this has been a relatively slow journey given the volatility that continues to drag them down.
It is extremely hard to understand when bitcoin and its crypto family will go up or down when it comes to their prices. Many stores and companies have been reluctant to say “yes” when it comes to accepting crypto payments for this reason, and to a degree, we can’t blame them.
Consider the following scenario: someone walks into a store and buys $50 worth of merchandise with bitcoin. For one reason or another, the store doesn’t trade the BTC into fiat right away and about 24 hours go by. From there, the price of BTC goes down and that $50 becomes $40. The customer gets to keep everything he or she bought, but the store loses money in the end. Is this a fair situation? Not everyone thinks so.
That’s what makes enterprises like My E Listing so important. They understand the initial purposes of bitcoin and digital currencies and are trying to transform them into usable tools that everyday people can benefit from.
A Lot of Crypto Love
Texas has long been a major hub for crypto activity and businesses. The state opened its borders to the many crypto miners in China after their native country disallowed the practice of extracting new units of digital currency from the blockchain. Many went to Texas so that they could continue their operations and take advantage of the region’s vast open spaces and cheap electricity prices.
The company has also announced a partnership with Coinbase. The leading digital currency exchange will aid the firm by converting cash into BTC or ETH and vice versa, thus allowing transactions to occur with ease.
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