Casper real estate agent helps client buy property with cryptocurrency
CASPER, Wyo. (Wyoming News Now) - A Rocky Mountain Real Estate agent helped a client buy a piece of land with a portion in cash and a portion in bitcoin.
Zachary Taylor, the realtor, said the process was really easy. “The money was in the seller’s crypto wallet within 20 minutes. It was a whole lot easier than waiting on the financial institutions,” Taylor said.
Taylor added a solution to the continuing fluctuating price of bitcoin. “We have a couple of provisions in the contract in case it did flex one way or the other and we’d re-negotiate how many bitcoin would be used,” Taylor said.
Taylor believes he’s the first realtor in Wyoming to help with a transaction like this one. He said it could be compared to other unconventional transactions also made here. “Cattle varies in price too it’s sold here like anything else,” Taylor said.
Taylor adds he hopes the cryptocurrency process becomes a new way people buy real estate. Rocky Mountian Real Estate requested the client remain anonymous.
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