Arte Surfside boutique condominium opened the sale of apartments in Miami for Bitcoin and Ethereum as part of a partnership with trading platform SolidBlock.
According to the press release, the price of the apartments starts at $10.3 million or an equivalent amount in cryptocurrency. Arte explained the decision to integrate digital assets as a form of payment given the abundance of venture capital and tech firms relocating their headquarters to the city.
Miami Mayor Francis Suarez called the Arte initiative an important precedent. In his view, other organisations will follow suit.
Sapir Corp chairman Alex Sapir backed Suarez’s vision. He suggested that, in the future, the city could become the United States’ cryptocurrency hub.
«Arte Surfside — the most exclusive luxury building in the city, so we position it as a place for the billionaires of the future, half of whom will be crypto-billionaires. This will happen as soon as Bitcoin reaches the $200,000 mark», added Sapir.
The residential complex is located in Surfside. The residences here have been acquired by Donald Trump’s daughter and Jared Kushner, owner of The New York Observer.
Earlier, Suarez spoke of the possibility to pay civil servants’ salaries in the first cryptocurrency.
In March 2021 the mayor stated his desire to create in the city a Bitcoin mining centre. A month later, the Miami-Dade authorities announced the formation of a working group to study the possibility of paying taxes in digital assets.
In April, developer Caruso, billionaire Rick Caruso, announced accepting Bitcoin as rent for residential and commercial real estate.