Real estate developer Prometheus International accepts Cardano

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A real estate developer Prometheus International successfully sold two luxurious houses in Cardano payment, as a part of crypto adoption. 

At the present time, there are several hotels, restaurants and institutions which are accepting crypto payments. And this initiative of crypto payments is increasing more rapidly after the adoption of Bitcoin as a legal tender by El Salvador.

Prometheus International, a high-end real estate developer, sold two luxurious houses in Portugal successfully with the use of Cardano (ADA) payment. 

An anonymous crypto holder bought ADA coin in September 2018 for $0.06/ADA. And then he sold it in August 2021 at $3. That guy used his crypto fund to buy the luxurious house. 

The CEO of Prometheus, Priyesh Patel, stated that it was a successful rollout of their crypto payments adoption. And also revealed that several other crypto investors are waiting to deal with them, but they are waiting for ADA to hit $5 and then they will buy real estate house property. 

“We positioned ourselves to be attractive to all markets and the current revolution is the cryptocurrency.”

According to local media news of Portugal, it was the biggest deal in crypto. And also they stated that crypto is going toward achieving new mainstream adoption, which can be seen clearly. 

“most expensive luxury real estate acquisition in Portugal since the blockchain revolution.”

United Wholesale Mortgage over crypto payments 

Before this, UWM was in the spotlight of the crypto space when the company announced that it would accept Bitcoin, Ethereum-like crypto payments. But later the company suspended crypto payments because the company believes that crypto payments may be a better option but for now it is not a mainstream option and they were not getting customers which were interested in crypto. So they may start to accept crypto payments in future. 

This style of UWM was much similar to Tesla, which had plans to resume crypto payments but was suspended because of their own reasons. 

Read also: MicroStrategy software firm owns a total of 114,042 BTC