{"id":2623,"date":"2017-12-29T05:33:53","date_gmt":"2017-12-29T05:33:53","guid":{"rendered":"https:\/\/www.legitgambling.com\/news\/?p=2623"},"modified":"2017-12-29T10:38:38","modified_gmt":"2017-12-29T10:38:38","slug":"propy-unveils-online-real-estate-purchase-bitcoin","status":"publish","type":"post","link":"https:\/\/www.legitgambling.com\/news\/propy-unveils-online-real-estate-purchase-bitcoin\/","title":{"rendered":"Propy Unveils Online Real Estate Purchase With Bitcoin"},"content":{"rendered":"

\"Propy\"Propy<\/a>, which claims to be operating the world\u2019s first international real-estate marketplace, announced the successful launch of the alpha open version of its real estate transaction tool based on block chain technology. The transaction tool facilitates buying and selling of properties in California using Bitcoin.<\/p>\n

The Propy marketplace enables crypto millionaires to diversify investment by investing in hard assets. The facility will remarkably reduce time and minimize the risk of forgery. The project is called as the Amazon of real estate<\/a>. Traditionally, to make an international real-estate purchase, individuals need to work with multiple intermediaries, including Brokers, escrow services, land registry services, as well as money transmitters. Piles of paperwork need to be compiled and signed.<\/p>\n

Propy uses block chain technology to avoid intermediates. A real estate purchase can be completed by unlocking smart contracts through Propy\u2019s PRO<\/a> token. Initially, the Propy Registry will mirror official land registry records in which transfers of real estate are recorded. Ultimately, Propy\u2019s vision is that jurisdictions will adopt the Propy Registry as their official ledger of record such that the transfer of property on the Propy Registry constitutes the legal transfer of the property and the legal registration of that transfer.<\/p>\n

Propy<\/strong><\/p>\n

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