Leading Luxury Real Estate Agency CAMEO1 HOMES reports it will accept bitcoin for payment when their website is launched in July.
Accepting cryptocurrencies will reflect Cameo1 Homes mission of embracing global trends by offering buyers “more flexibility for ease of purchase.”
Augustine Ewiah, CEO of Cameo1 Homes a subsidiary of Cameo1 Group noted Cameo1 Homes was geared up to accept Bitcoin (BTC), Ripple (XRP) and Bitcoin Cash (BCH) as payment for property sales.
Augustine also indicated that given the real estate market in countries like Ghana will continue to increase in value by using cryptocurrencies, “investors can shift to the less risky and safer area of cryptocurrencies multiplying their savings.”
The Cameo1 Homes website will among others shed light on the volatility of the value of cryptocurrencies; the exact amount of the cryptocurrency required for the payment to be calculated using the exact stock exchange value at the time of the payment. Buyers will also have the option of paying just a percentage with Bitcoin and the rest in Dollars or Ghana Cedis according to Augustine Ewiah.
Ghana will be the first in West Africa among other countries accepting bitcoin in property purchase.