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Cryptocurrency and Real Estate Transactions

In: Blockchain in Real Estate

Author

Listed:
  • Somar Al-Mohamad

    (American University of the Middle East)

  • Audil Rashid Khaki

    (American University of the Middle East)

  • Mohamed Sraieb

    (American University of the Middle East)

Abstract

The revolution in financial technology (FinTech) nowadays is considered as a main noticeable feature of the contemporaneous technological advancement in this century. The burgeoning blockchain technology and cryptocurrencies market are described as the main financial innovations fall within the FinTech ambit. The application of cryptocurrencies in real estate transactions is expected to reshape the whole market and has the potential to be the main game changer for the real estate industry. The real estate market participant, research scholars, and policy makers are currently heating the discussions over the potential benefits can be brought by digital currencies to real estate market. This chapter aims to corroborate and contribute to the academic literature on the future role of cryptocurrencies in real estate market in the following ways. First, the chapter provides an evidence on the imperativeness of cryptocurrencies and blockchain to the real estate sector. Second, the chapter describes the potential benefits of digital currencies to real estate transactions. Third, the chapter sheds the light on how crypt-based real estate transactions are performed.

Suggested Citation

  • Somar Al-Mohamad & Audil Rashid Khaki & Mohamed Sraieb, 2024. "Cryptocurrency and Real Estate Transactions," Springer Books, in: Ammar Jreisat & Mehdi Mili (ed.), Blockchain in Real Estate, pages 103-122, Springer.
    • Handle: RePEc:spr:sprchp:978-981-99-8533-3_6
    DOI: 10.1007/978-981-99-8533-3_6
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