Zhitong Financial APP learned that one of the largest developers in Brazil$GAFISA SA (GFASY.US) $Announced a partnership with Foxbit, the cryptocurrency exchange, to accept bitcoin and other cryptocurrencies as payment for real estate purchases. Bitcoin and other cryptocurrencies help eliminate intermediaries, reduce transaction costs and eliminate the risk of fraud, the announcement said.

Guilherme Benevides, CEO of Gafisa, said: "Bitcoin is the largest encryption by market capitalization, and technically it is the most supported currency in history. It is a currency that is popular every day and expands the possibility of its use. Payment digitization is a natural trend. "