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T3 Apartment in Braga was the first property to be sold in cryptocurrency in Europe

T3 Apartment in Braga was the first property to be sold in cryptocurrency in Europe

Zome, a real estate company from Braga, on Thursday carried out the first sale of a cryptocurrency property in Europe, without the need to convert into euros prior to the act, it was announced today.

“The first conversion of a digital asset into a physical asset – a home – without any conversion into euros, in Europe, was carried out in Apartment T3, in Braga,” Zome confirms in a statement. The client paid about 3 bitcoins – worth about 110,000 euros.

“This act marks a historic milestone, which is the transfer of digital assets into a physical asset – a home – without any conversion into euros,” which strengthens the real estate company.

“We know that the future of brokerage will pass through crypto assets, so we believe this transaction will start a whole new world of business potential,” Carlos Santos, chief technology officer at Zome, says in the statement.

Photo: zome

says Nuno da Silva Vieira, attorney and partner in charge of the Antas da Cunha ECIJA Legal Intelligence Practice Area, responsible for the legal and security part of the operation.

Photo: zome

The operation was carried out with the participation of Zome, together with the law firm Antas da Cunha ECIJA, Chief Notary Public in Portugal and other partners of Crypto Valey in Switzerland.

Photo: zome

Photo: zome

In 2021, Zome brokered a turnover of €763.4 million, with more than 5,800 deals, resulting in a turnover of €24.8 million.

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