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The Instant Payment for real estate deals by Propy is launched!
Why it matters for the crypto industry?
Why it matters for the crypto industry?
1/ Crypto payment has been an all-important part of Propy's settlement protocol for two years now. Technically, the escrow function is executed by a smart contract. However, the crypto transactions are still 100-200/y, while traditional deals in dollars are over 5m/y.
2/ Now as Propy’s instant bank ($) payment is live, it allows the closing of traditional deals to be settled via smart contracts! This means that in the future the escrow function will be executed securely without manual work - for ANY deal.
