Quote from: SFR10 on Today at 01:23:11 PM

Quote from: RyanPhillipsProperties on March 09, 2025, 08:56:06 PM

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.

Quote from: RyanPhillipsProperties on March 10, 2025, 07:44:48 PM

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!

It goes from crypto holder to "escrow conversion company" (only one of these in the usa at this time) to attorney escrow (closing attorney for real estate deal) as fiat.