Three luxury apartments sold for 420 Bitcoins in the coastal region of Montenegro

Last week, three luxury apartments located in Budva, Montenegro, a country located in southeastern Europe, were sold for 420 Bitcoins (equivalent to $ 3.2 million) according to the notary and the Astra Montenegro Investment Association ). In addition, AMIA has successfully promoted the use of digital coins in Budva.

Nila Emilfarba, an AMIA executive, said the sale was the largest so far for the country and that the company has persuaded Budva traders to accept digital coins. In addition to being able to buy real estate, Emilfarba and AMIA also convinced the Beach Lounge restaurant, the Dukley Hotel and the Dukley Marina to accept Bitcoins.

"Our company, unlike many who have doubts about crypto-coins, is the first in the region to start selling real estate for crypto-coins," explains AMIA.

"WE ACQUIRE A NEW CLIENT. IN THE WORLD, AND ESPECIALLY IN EUROPE, THERE ARE JUST A LIMITED NUMBER OF BUILDINGS THAT CAN BE PURCHASED WITH BITCOINS. "

One of the clients was a Frenchman who has lived in the area for 25 years, who explained that the liquidation process was faster than the traditional procedures. The sale was witnessed by the Budva Notary, the Pantovic Law Office and Prelević lawyers. After the official documents were signed and Bitcoin was transferred, the funds were immediately converted into euros.

Real estate purchases using crypto-coins have been a trend that has been growing since the beginning of 2017 when digital assets hit the greatest price hikes of all time. These major transactions were carried out in Miami, Amsterdam, Dubai, Manhattan and around the world. With three establishments and real estate being sold by crypto-coins, it seems that Montenegro is becoming a friendly region in relation to the economics of digital assets.

Source: https://happytovisit.com/Dubrovnik/Montenegro-Coast-Tour-from-Dubrovnik/tour-t937-c41