In this tech era, cryptocurrency is everywhere. Amongst all the cryptocurrencies, Bitcoin is the most popular one. But, have you ever thought about what role it will play in the future?
Well, that future is near because the cryptos are now being planned to be used in our daily lives!
Being the most popular crypto of all, the future of Bitcoin is the brightest. In fact, it has gained so much attention from giant investors and business tycoons. As a result, Bitcoin has started to become an integral part of the global market.
For instance, a property tech startup, named La Haus, was funded and backed by the Amazon founder and billionaire Jeff Bezos. This startup is the latest one to allow real estate transactions through Bitcoin.
If you’re curious to learn more about La Haus and its revolutionizing digital payment method, stick right here with us!
Bezos Backed La Haus
La Haus was funded and supported by Jeff Bezos to accept transactions in Bitcoin. The company is currently operating in ten cities in Colombia and Mexico, and their primary focus is on new housing developments.
Moreover, La Haus carries annual gross transactions worth over $1 billion over its app. Currently, La Haus has more than 1 million users. Astonishing, isn’t it?
So, without further ado, let’s get down to know how La Haus has made real estate transactions possible using Bitcoin.
The First Transaction
La Haus is a Latin American real estate startup that started in 2017. With the vision and backing of Jeff Bezos, they were the first ones to make the real estate transactions using the flagship cryptocurrency, that is Bitcoin.
This transaction was made in Columbia immediately after Jeff Bezos backed this real estate company. The deal was for an apartment in Natura city located in the northern part of the country.
Moreover, the deal was made by La Haus after it received a reserve payment of 0.03 BTC (Bitcoin). This transaction was made via Bitcoin’s layer two scaling solutions through a payment processor named OpenNode.
The primary reason behind the digital transaction was the unavailability of the buyer in Columbia at the time of the purchase. Therefore, the parties settled to pay the reserved amount via cryptocurrency.
Bezos Expeditions
Bezos Expeditions is an American investment firm that manages the personal investment of the founder of Amazon, Jeff Bezos. The firm invests in different sectors and markets in early-stage ventures, late-stage ventures, or even the seed stages of the company.
In fact, the firm has a major role in making Jeff Bezos one of the richest people on the planet!
Motive For Backing up La Haus
In Latin America, the use of cryptocurrency is generally on the rise. Many business sectors have adopted the use of cryptocurrency in their everyday transactions.
Real estate is one of the sectors that is involved in rooting for the new trend of digital transactions. Looking into this matter, it was a great motive for Bezos Expeditions to invest, fund, and back the Latin American startup, La Haus.
As a matter of fact, tech lovers who want to invest in real estate are utilizing the facility of paying digitally to their fullest as provided by the company.
Vision Of La Haus
According to the officials of La Haus, it is evident that their ultimate objective and goal is to make purchasing and buying crypto easy for normal people. Their aim is to reduce all the paperwork and time needed to complete transactions in emerging markets.
Moreover, the President and co-founder of La Haus, Rodrigo Sanchez-Rios, said that the company has a vision that Bitcoin will be “the reserve currency of the future”. To act upon this vision, the company has started a partnership with OpenNode which will allow its buyers to purchase properties through cryptocurrencies.
No doubt, La Haus is attaining success in its vision. After all, their vision is widely appreciated and accepted in this modern world full of tech lovers.
Future of La Haus Using Bitcoin
La Haus has a firm belief in the future of digital payments, and this belief has become more of a reality after being backed up by giants like Jeff Bezos and through the acceptance of this system by the public.
La Haus’s vice president of future and innovations gave a statement that the fact that the transaction took less than a month “speaks of the unsatisfied need that existed.” This is primarily why the company is looking forward to expanding Bitcoin payments for all its developments throughout Columbia.
In a nutshell, the future of La Haus using cryptocurrency appears to be bright and successful.
The Final Word
To sum up, Jeff Bezos’s backing of La Haus to accept payments through Bitcoin has revolutionized the outdated payment system around the globe. La Haus’ vision supported by investors like Jeff Bezos and young tech lovers has increased its popularity over time.
Bezos and La Haus have given the world a practical example of the daily use of cryptocurrencies. Due to the unique opportunities provided by them, they have encouraged and gained the interest of tech lovers who want to invest in real estate.
In the end, the successful journey of La Haus has opened the doors of opportunities for startups like them to adopt this revolutionary version of currency, making their vision come to reality.
