"Cryptocurrency is gaining traction in real estate transactions, though many Americans are still hesitant due to perceived risks and lack of trust. Recent research by Realtor.com® found limited awareness and skepticism among participants, with concerns about volatility and reliability of digital currency. Despite some familiarity with crypto, most participants were unaware of its potential use in homebuying or selling."
"Participants in the research expressed more drawbacks than benefits when considering the use of digital money in real estate transactions. Some perceived benefits included greater transaction security, increased speed, and the potential to maximize earnings. Many participants cited concerns about the reliability of cryptocurrency, leading them to believe that potential asset loss outweighed the benefits of using it in real estate deals."
Awareness of cryptocurrency as a tool for buying or selling homes remains limited, and many people express skepticism. Concerns center on price volatility and doubts about the reliability and security of digital currency, leading some to fear potential asset loss. A minority recognize possible benefits such as faster transactions, enhanced transaction security, and opportunities to maximize earnings. Overall perceptions lean toward seeing more drawbacks than advantages when applying digital money to real estate deals. Reluctance to adopt cryptocurrency for future transactions persists among most people because of lingering reliability and trust concerns.
Read at SFGATE
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