Christie's Real Estate has established a new encryption payment department, allowing for digital money offers on $1 billion luxury homes.

According to reports, luxury real estate brokerage Christie's International Real Estate has established a new department specifically responsible for handling property transactions that accept Crypto Assets payments. The company currently has luxury homes worth over $1 billion open to potential buyers for Crypto Assets offers.

According to reports, the establishment of this new department was inspired by recent large-scale Crypto Assets real estate transactions, including a $65 million Beverly Hills property deal completed with Crypto Assets. The new department has a "dedicated team of lawyers, analysts, and encryption experts" aimed at handling Crypto payment transactions without the involvement of intermediary banks. Aaron Kirman, CEO of Christie’s Southern California division, revealed that they have facilitated transactions where sellers were unaware of the buyer's identity, but the lawyer hired by the seller would verify the legitimacy of the funding source with the buyer.

According to reports, the property portfolio that accepts Crypto Assets payments includes the "Invisible House," known for its reflective wall design, located in Joshua Tree, California. Kirman expects that within five years, Crypto Assets could account for more than one-third of all residential property sales in the United States.