A Jeff Bezos-Backed Real Estate Startup Has Sold Its First Home in Colombia For Bitcoin.

The first real estate sale in Colombia was recently finished using the flagship cryptocurrency bitcoin, after a Jeff Bezos-backed Latin American real estate agency negotiated a purchase for an apartment in Natura city, in the country’s northwestern region.

According to Valora Analitik, the purchase was mediated by online real estate agency La Haus after it obtained a deposit payment of 0.03 BTC a month ago, and it’s not the company’s first sale for BTC, as it previously sold a home in Mexico for the cryptocurrency.

The transaction was completed using the Lightning Network, Bitcoin’s layer-two scaling solution, and a payment processor called OpenNode. The buyer was not in Colombia at the time of the transaction, which occurred around a month after La Haus began taking bitcoin payments.

Rodrigo Sanchez-Rios, president and co-founder of La Haus, has stated that the company believes Bitcoin will be “the reserve currency of the future.” La Haus, through its relationship with OpenNode, lets consumers to pay with bitcoin, while sellers are paid in fiat money.

The company plans to accept bitcoin payments for all of its developments in Colombia. According to Jehudi Castro, the company’s vice president of future and innovation, the fact that the purchase took less than a month “speaks of the unsatisfied need that existed.”

La Haus is funded by Bezos Expeditions, an American investment organization that manages Amazon.com founder Jeff Bezos’ self preferences as a “family office.” Jeff Bezos’s business invests in early stage projects, late stage enterprises, and seed stage firms in a variety of industries.”

It’s worth mentioning that the use of cryptocurrencies in Latin America as a whole is rising. One of the main drivers of that growth is the real estate market, with some Venezuelan businesses accepting the USDT stablecoin in exchange for automobiles and real estate.

In Europe, real estate developer Prometheus International sold two luxury villas on the Portuguese island of Madeira for a total of €4.1 million ($4.7 million) in October 2021, paid in the popular cryptocurrency Cardano ($ADA).

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