Bamboo Becomes First Real Estate Brand In Africa To Accept Bitcoin Payments

Bamboo Real estate and construction limited , a leading real estate firm with headquarters in Port Harcourt sets a new record as it officially begins receiving payments in cryptocurrency from clients for its services and products.

The company announced this during a press briefing in Port Harcourt, Rivers State, Nigeria. Bamboo has become the first to do so. It is even more fascinating that this is coming on the heels of the historic onward surge of bitcoin against the dollar which currently stands at $51,000 to a bitcoin.

This new payment system according to Oséyómón Ighódálóh the company’s chief executive officer also applies to all their products and services, including Bamboo Capital, their investment subsidiary with over $20 million equity in real estate where clients invest money in buying lands and getting a return on investment along with initial capital after 12,18 or 24 months when you decide to return ownership of landed property.

Bamboo is arguably the biggest real estate firm in South-South, Nigeria. Some of their properties include David City, Kigali Heights, Lake Victoria,Southern Park Hills et al. All accros different locations and states in the Country.

Credit: PressExpress

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