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Bitcoin is Now Accepted for Real Estate Transactions at Algodon Wine Estates
March 8, 2021 GMT
NEW YORK, NY / ACCESSWIRE / March 8, 2021 / Gaucho Group Holdings, Inc. (NASDAQ:VINO), a company that includes a growing collection of e-commerce platforms with a concentration on fine wines, luxury real estate, and leather goods & accessories, today announced that its luxury residential vineyard real estate project, Algodon Wine Estates, can now accept Bitcoin as payment to purchase its Phase 1 homesites.
The market acceptance of digital currency as a medium of exchange is growing rapidly. Bitcoin, a decentralized digital currency void of a central bank or single administrator, can be transferred from user to user on the peer-to-peer bitcoin network without the need for any intermediaries. Transactions are verified by network nodes through cryptography, and recorded in a public distributed ledger called a blockchain.