As reported by the local news outlet Idealista, the deal was for a T3 apartment in Braga, costing the buyer exactly 3 Bitcoin.
Until last month, purchasing real estate using cryptocurrencies required buyers to first convert their holdings to euros.
“This deed represents a historic milestone, the transfer of a digital asset to a physical asset – a house – without any conversions to euros,” said real estate company Zome on its Facebook page.
The deed creation process required additional details that are not required for the creation of an ordinary contract.
Nuno da Silva Vieira – a lawyer at Antas da Cunha – believes that digital currencies are a great opportunity for growth and value creation in the region.
The Central African Republic, for instance, has now become the second country to establish Bitcoin as legal tender.
Ever since, he’s believed in the network’s power to replace the current global monetary system, and provide financial freedom to billions worldwide.