Although the idea of buying a house with cryptocurrency has intrigued many, no major developer had yet integrated this option into their sales channels. That changed when Metrovacesa teamed up with Bit2Me to create a process that lets buyers pre-book a property by purchasing an NFT with virtual currency. The system aims to make real estate purchases feel as seamless as any online transaction, using blockchain-backed certainty.
At the core of this initiative is a wallet named Kalio, which currently accepts payments exclusively in USDT, a stablecoin pegged to the US dollar to minimize the volatility typical of digital currencies. Once the payment is completed, the buyer receives an NFT in their wallet. This non-fungible token serves as a unique encrypted digital asset validated by TrustOS, Telefónica Tech’s proprietary platform.
The NFT will encapsulate all property details, including attributes and dimensions. But it will be dynamic as well. As Abel Peña, Bit2Me’s CSO, explained, the NFT will update as the buying and selling process advances through various stages such as private contract, pre-booking, reservation, and home delivery. Special services and discounts will accompany each stage for holders, as announced by both companies. And yes, the token is non-transferable, meaning it cannot be sold to others.
new generations
Bit2Me’s administration emphasizes that the project aims to bring the next wave of buyers closer to digital asset ownership while positioning itself for broader adoption of a technology that is gaining momentum. Abel Peña notes that younger generations, already born into a fully digital world, view transactions with digital assets online as normal. They are expected to push demand for properties paid with cryptocurrency across all property types, including real estate.
Houses with Bitcoin: Alicante positions Spain at the forefront of real estate and cryptocurrency integration
Metrovacesa’s move is seen as a step ahead of the competition, with the industry anticipating a near-term expansion of these capabilities. Peña also points to how the rising value of currencies like Bitcoin has encouraged investors to lock profits and redirect capital into real estate. In Spain, the belief that brick-and-mortar property remains the safest store of wealth persists, a sentiment that could benefit both buyers and developers leveraging crypto-enabled transactions.
Of course, new technologies still must go through traditional notarial processes to formalize a sale. Bit2Me’s CSO reminds that even when payment is made in virtual currency, the seller ultimately receives euros. This currency conversion is one of the services offered by Elche-based companies that have built a gateway—Commerce—that enables businesses to accept cryptocurrency payments.
Bit2Me leads the way and becomes the first cryptocurrency platform globally recognized by the Bank of Spain
Bit2Me stands out as the first company registered with the Bank of Spain as a provider of virtual currency services. It offers a range of solutions for purchasing, managing, and selling digital assets. Today, the transaction volume led by the Elche company surpasses a billion euros annually, underscoring its pivotal role in the intersection of cryptocurrency and real estate.