Got Millions in Crypto? Binance Coin (BNB) Can Now Be Used to Buy Real Estate
Real estate company Propy says it will now accept Binance Coin (BNB) for home purchases.
Propy will accept BNB for home buying! @Binance Chain is coming and $BNB, which is a great store of value today, will turn into programmable money. For the rapidly growing BNB community, we make it possible to invest in real estate with easy paperwork at Propy! pic.twitter.com/TucoSizJ0s
— Propy (@PropyInc) October 10, 2018
Propy previously only accepted USD, Bitcoin and Ethereum.
With the addition of BNB, Binance, the most popular crypto exchange by volume, is looking to solidify its coin as a staple in the top 20 market cap. It recently passed NEO and Ethereum Classic and sits at 14th overall with a market capitalization of just over $1 billion.
Propy bills itself as the first global, multi-language real estate marketplace. It facilitates cross-border payments for blockchain-powered and secured real estate transactions around the world.
The user interface displays properties around the world in trading card format to give users the feel of how easy a transaction can be. Every step of the process is digitized and recorded on the blockchain, including the signing of the title report.
Binance CEO Changpeng Zhao, who has promised to shamelessly shill companies that adopt BNB, reacted to the news with a few upbeat tweets.
Wow, thanks! https://t.co/48Fxt5XU8i
— CZ Binance (@cz_binance) October 10, 2018
Will introduce you all the Chinese buyers. They buy like crazy.
— CZ Binance (@cz_binance) October 10, 2018
Binance also recently backed a plan to bring BNB, Bitcoin and Ethereum to airports across the world.
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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
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