Miami-based luxury apartment Arte Surfside has started accepting crypto as payment for its remaining residences. Arte Surfside joined hands with crypto trading platform SolidBlock to enable this feature. Reportedly, this deal will offer potential buyers a chance to purchase luxury residences in multiple digital currencies, including Bitcoin (BTC) and Ether (ETH).
The 12-story condominium complex comprises 16 units and it already houses renowned personalities, such as Ivanka Trump and her spouse Jared Kushner, as well as Something Navy’s Arielle Charnas. Explaining why Arte Surfside decided to start accepting crypto, its developer Sapir Corp noted that several leading Silicon Valley firms and venture capital companies had set up shop in Miami due to its pro-crypto outlook. In turn, this prompted the developer to introduce crypto payments to attract crypto millionaires and billionaires.
The cheapest available condo is worth $10.3 million and the most expensive unit is the Villa Nove penthouse which recently sold for $33 million before relisting at a whopping $38 million. Out of the available residences, spaces range from three to five bedrooms. The complex also boasts a 75-foot indoor pool, meditation pond, a tennis court on the rooftop, and temperature-controlled parking lots.
Working together to make Miami a crypto hub
According to Alex Sapir, Chairman at Sapir Corp, this move seeks to help Miami’s mayor, Francis Suarez, make the city a crypto and technology hub. Arte Surfside is positioning itself for a future where half of the world’s billionaires will be from the crypto sector. According to him, this future will be realized once BTC surges to $200,000. He acknowledged that cryptocurrencies are already creating vast wealth across the globe, adding that the real estate sector will play a big role in sustaining this wealth.
Commenting on Arte SurfSide’s decision to accept crypto, Suarez said that the company had set a positive path for other real estate firms in the city to follow. Once different industries in the city adopt crypto and burgeoning technologies, Miami will morph into the city of the century.
This news comes as Suarez continues pushing the city to embrace crypto wholly. For instance, he recently proposed to pay the city’s workers in crypto. He also suggested that the city should introduce a platform to let its residents pay taxes and fees in crypto.
