BitCondo: Is cryptocurrency the future of real estate?
When you're in the market for a new home, you probably have a lot of things on your mind: square footage, school districts, mortgages rates. One thing you're probably not spending much time thinking about: Bitcoin. But perhaps cryptocurrency and blockchain technology will soon be a major consideration for property purchasers and sellers.At least that's what some Boulder County real estate professionals are gearing up for."Blockchain and cryptocurrency really has the ability to change every aspect of real estate, from titles, to lending, to the brokerage itself," said Jim Merrion, a Boulder real estate agent with Coldwell Banker. Merrion, along with Anthony Meisner with Boulder's Land Title Guarantee Company, are preaching the gospel of the blockchain and encouraging real estate industry professionals and clients to embrace the technology."This (technology) is finally mainstream enough in the real estate community that people are really talking about it and considering the implications and benefits," Meisner said.