Opendoor, a prominent U.S. home-buying company valued at $6 billion, may soon consider accepting Bitcoin for property transactions. This potential move was hinted at by the company's new CEO, Kaz Nejatian, who mentioned on social media that the company would accept Bitcoin, stating, "We will. Just need to prioritize it." Despite the buzz, no official plans or announcements have been made.
The company, which specializes in buying, renovating, and reselling homes, is currently dealing with legal and financial issues, including a $39 million settlement. Analysts highlight that any adoption of Bitcoin would require compliance with existing mortgage, tax, and money transmission regulations. Details such as which cryptocurrencies might be accepted, the possibility of partial payments, and the partners for conversion and custody remain unspecified.
Opendoor CEO Hints at Future Bitcoin Acceptance for Home Purchases
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