The way it is most likely done at this point (in my state of NC and probably most states) is the person with the Crypto assets, finds a property, say $2,000,000 and needs to get the conversion done for the particular coin they want to use. The conversion escrow company that would be used has a conversion fee of 1%. This gets the conversion done and fiat then sent to the closing attorney as fiat currency.
At the time of the transaction a snapshot is taken of the value of the specific coin, that price is then converted to usd, then sent to escrow for the Real Estate transaction.
I'm a bit confused with the above two quotes for various reasons... First you mentioned "
conversion escrow company" that handles the escrow & conversion parts for 1%, but on the next quote, you seem to have divided the process into two parts
[excluding the very last part of the deals]. Which one is the accurate one? From where I am, both traditional and modern escrow companies don't handle the conversion part!