According to The Australian Financial Review, Propy, a real estate platform that enables the buying and selling of properties using fiat money and cryptocurrency, has closed its first blockchain-recorded residential land sales in Asia-Pacific.
The two sales in the St Moritz neighbourhood of Niseko in Japan were to Hong Kong investors.
The sales were struck as the blockchain-powered platform makes inroads into the Australian market.
Private owners in Sydney and Melbourne are also selling land and houses on Propy, asking that sales be completed using either standard currencies or cryptocurrencies such as Ethereum, Ripple and bitcoin. There have been no transactions completed yet.
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