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Gafisa, one of the largest Brazilian real estate developers, is now accepting bitcoin as payment for the purchase of real estate, according to a press release<\/a> from Foxbit, a cryptocurrency payment gateway provider. <\/p>\n\n Foxbit stated that one of the reasons for Gafisa\u2019s bitcoin integration was the removal of intermediaries. In the real estate market, plenty of entities get a piece of the pie, be it banks, real estate companies and agents, payment processors or other involved parties; there\u2019s no shortage of intermediaries in a real estate transaction. Bitcoin helps lessen the costs of transactions with quick and final settlements while eliminating the risk of fraud. <\/p>\n The press release stated that Gafisa\u2019s decision to accept bitcoin was also largely based on the disruptive nature of the technology which can open opportunities for further innovation in the growing sector.<\/p>\n\n\n\n\n This growth has seen Brazil has become one of the leading countries for the adoption of bitcoin. Not only does Brazil rank number six in on-chain value transacted in a report by Chainalysis<\/a>, but Gafisa houses 1 out of every 130 Brazilians, according to Gafisa data, making this a natural path of progression. <\/p>\n \u201cBitcoin is the largest cryptocurrency in market value and, technologically, the most ballast currency in history,\u201d said Guilherme Benevides, CEO of Gafisa. \u201cIt is a currency that is growing in popularity every day, also expanding the possibilities of its use.\u201d<\/p>\n Benevides continued to explain that bitcoin follows a path of progression and with the digital revolution currently being experienced worldwide, Gafisa feels digital payments will continue to garner an increasingly high level of presence in emerging economies. <\/p>\n \u201cThere is a natural tendency to digitize payments,\u201d Benevides explained. \u201cIf we stop to think that the Central Bank will launch the digital real in 2022, we can conclude that, in fact, digital currencies are increasingly present in the world.”<\/p>\n<\/div>\n