Palo Alto, California – The real estate marketplace with decentralized title registry, Propy, announced that one of the largest pieces of city land in Los Gatos, Silicon Valley is now available for sale in cryptocurrency.
The property covers over 27 acres, in Los Gatos, California and offers the opportunity to build up to 10 luxurious homes in one of the most preferred places to live in the country. Crypto-currency Investors looking to diversify their portfolio can purchase this prime land valued at $16,000,000 in BTC, ETH, XRP or USD.
More and more property owners around the world have decided to sell their home and accept cryptocurrency as a means of payment.
“Buyers are usually early adopters and have gained enough capital to be able to diversify their portfolio” explained Natalia Karayaneva, CEO of Propy in a recent interview with ABC7 News. “The second advantage of using cryptocurrency to acquire property, is that the blockchain allows for faster transactions and ownership transfer could be instantaneous”.
In the US Propy already collaborates with different states in order to implement their solution for recording real estate deeds on the Ethereum Blockchain. The transaction tool is currently fully compliant in the State of California and could host innovative realtors who are ready to make the switch to Blockchain.
Propy is dedicated to solving the problems of purchasing property across borders and functions as a decentralized real estate listing and property registry with three components:
- Listing Platform – search for properties and brokers in global cities in your native language.
- Adaptive Transaction Tool – easier deal processing with configurable flows and recording of all steps on the blockchain
- Blockchain Registry – a set of smart contracts designed to store land records and title deeds on the blockchain
For a private tour of this incredible offering, and to view more unique properties, visit: www.propy.com
Propy is a global real estate marketplace with a decentralized title registry. Propy aims to solve the problems facing international real estate transactions by creating a novel unified property payment solution and asset transfer platform on the blockchain.
Press Contact: Market Waves
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Images courtesy of Propy