They have initially adopted the three top market cap coins, Bitcoin (BTC), Ethereum (ETH) and Ripple (XRP). It is probable they will add more over time and have already hinted at Litecoin (LTC) being a possibility.
At present only one property is listed as available to be purchased via one of the currencies, but it shows an increasing interest in integrating crypto into the housing market.
The property in question is a 27-acre plot appropriately located in Silicon Valley, the heart of America’s technology hub and host to the headquarters of Google, Apple and Netflix. The property is large enough to accommodate ten homes.
Propy is a decentralized real estate agent built on the Ethereum platform that raised $15.3 million in its ICO last September.
They have recently partnered with Beverly Hills estate brokers Hilton & Hyland to auction off a 15th-century mansion worth $42 million. Bids are welcomed in fiat and cryptocurrencies.
— Propy (@PropyInc) May 25, 2018
This would not be the first property to be sold for cryptocurrency. In September last year, Propy facilitated the sale of an apartment in the Ukraine which was paid for in Propy’s own token PRO.
Propy (PRO) is currently listed at $25 million on Coin Market Cap and is trading at $1.29
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