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How would you handle escrow for that?
by michaelmu 6y ago
How would you handle escrow for that?
- jiveturkey 6y agoAs hinted at in the article -- via a bitcoin exchange. BitPay in this case. BitPay is unlikely to be a title agency, so likely no title insurance. I guess this kind of transaction can make sense if it's difficult for the buyer to change BTC for USD -- KYC and all that. For a $1.6M property I don't really see the point.
- bitxbitxbitcoin 6y agoThe same way an all cash transaction would be handled, I imagine. In this instance, Martis Camp used BitPay and received USD in their bank. Bet they wished that they kept the 7400 BTC instead.