Bitcoin key to Cayman Islands residences

Bitcoin key to Cayman Islands residences

Modern investment trends are gaining new faces, and lately the combination of real estate and cryptocurrencies, especially Bitcoin, has become extremely popular. It is BTC that has become the key to new and innovative opportunities to obtain residences in the picturesque Cayman Islands.

Bitcoin-backed real estate

Ledn, a reputable company specializing in Bitcoin-related financial services, has established a strategic relationship with Cayman Islands. This partnership allows cryptocurrency holders to use their holdings to acquire “golden visas” for exclusive properties on the islands.

While the Cayman Islands have long attracted tourists with their paradise beaches, they can now open their arms to new residents who want to invest in real estate using Bitcoin.

Ledn, as a Bitcoin-friendly bank registered with the Cayman Islands Monetary Authority, allows cryptocurrency holders to use their BTC as collateral for investment loans for local real estate.

This innovative avenue is one of several ways potential residents can pursue citizenship. It is worth noting that investments in excess of $2.4 million in real estate on these very islands qualify the buyer for permanent residency.

Double profit

Adam Reeds, CEO of Ledn, was happy to announce a partnership with local agency Parallel, which facilitates the sale of cryptocurrency-based real estate.

“As part of this partnership, Ledn enables property buyers in the Cayman Islands to obtain loans secured by cryptocurrencies, which Parallel accepts as a form of financing for purchases. This partnership operates on an exclusive basis.” – Reeds explains. At the same time, he stresses that Parallel offers conversion to traditional currencies, for those who would prefer this option instead of BTC.

The ability to purchase real estate using cryptocurrencies is particularly attractive to such holders of virtual assets who do not want to sell them to finance the purchase.

Reeds adds, “When the value of BTC rises, the ratio between the loan and the value of the property shifts in favor of the buyer, which means that investors can enjoy the growing capital of their properties while realizing the potential of their crypto.”

Ways to use Bitcoin are increasing

The trend toward investing in real estate using cryptocurrencies is a phenomenon present not only in the Cayman Islands. In Vanuatu, for example, Bitcoin is accepted as a means of payment to gain citizenship through investment. Other countries, such as Portugal, Malta and El Salvador, are also trying to create a friendly environment for cryptocurrencies, although they do not yet allow direct investment in Bitcoin to obtain residency.

All in all, Ledn and Parallel’s innovative approach opens the door to new investment opportunities, combining the world of real estate with the potential of cryptocurrencies. Potential new citizens gain the chance to own real residences while keeping their crypto assets.

Disclaimer: Blockbulletin does not take accountability of investments based on the information of the website. We highly advice readers to make extensive research prior to any invest

Share this article

More news

All articles loaded
No more articles to load

Learn

CBDC

The great reset and the CBDC

The World Economic Forum (WEF), which regularly takes place in Davos, Switzerland, for pandemic reasons, has taken the form of…
Proof of work and Proof of stake

Proof of Work and Proof of Stake

There are several methods available in blockchain for securing networks and verifying transactions. The two most popular are consensus algorithms…
public and private blockchains

Public and Private Blockchains

When analyzing the cryptocurrency market, we may come across terms related to blockchains. The two most popular types of them…
Satoshi Nakamoto

Who is Satoshi Nakamoto?

The world’s biggest cryptographic mystery remains unsolved to this day. It is speculated whether Satoshi Nakamoto is a single person…
What is bitcoin BTC

What is Bitcoin (BTC)?

Bitcoin (BTC) is the oldest and most recognized cryptocurrency in the world. Its origins date back to 2008 when its…
Is Bitcoin anonymous

Is Bitcoin anonymous?

Interested users are actively seeking answers to the question: is Bitcoin (BTC) anonymous? In this article, we will try to…
All articles loaded
No more articles to load

Analyses

All articles loaded
No more articles to load

Latest news

All articles loaded
No more articles to load