Developer PMG Taking Crypto For Miami Down Payments

Property Markets Group (PMG) didn’t plan to take crypto as a down cost for his or her newest spherical of luxurious condos in Miami. The New York-based developer’s hand was pressured.

Property Markets Group (PMG) didn’t plan to take crypto as a down cost for his or her newest spherical of luxurious condos in Miami. The New York-based developer’s hand was pressured.

PMG started accepting cryptocurrency this week for deposits on gross sales at E11EVEN Hotel & Residences, a luxurious actual property excessive rise in downtown Miami. Turns out CEO Kevin Maloney maintains private crypto holdings — however Maloney’s greenlight for PMG got here on the heels of purchaser demand.
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