• [email protected]
  • Mon - Fri: 9:00 - 18:30 GMT
Search
Rss Facebook Icon TwitterCreated with Sketch. LinkedinCreated with Sketch.
bitcoin pr buzz logo
  • HOME
  • OUR SERVICES
    • BITCOIN PRESS RELEASE SERVICE
    • SUBMIT YOUR BITCOIN PRESS RELEASE
  • LATEST PRESS RELEASES
  • FREE CONSULTATION
  • OUR TEAM
  • ABOUT US
    • ABOUT
    • CAREERS
  • RESELLER
Menu
  • HOME
  • OUR SERVICES
    • BITCOIN PRESS RELEASE SERVICE
    • SUBMIT YOUR BITCOIN PRESS RELEASE
  • LATEST PRESS RELEASES
  • FREE CONSULTATION
  • OUR TEAM
  • ABOUT US
    • ABOUT
    • CAREERS
  • RESELLER

Propy Announces World’s First Real Estate Purchase on Ethereum Blockchain

  • October 2, 2017
  • Bitcoin Press Release, Ultimate
Propy_PR_Image

Bitcoin Press Release: TechCrunch founder Michael Arrington’s purchase of an apartment in Ukraine marks a milestone that opens the floodgates for real asset transfers on the blockchain.

September 30, 2017, San Francisco, California – Propy, the global property store and decentralized title registry, today announced the world’s first real estate transaction on the distributed public blockchain network — Ethereum. TechCrunch founder Michael Arrington remotely purchased a $60,000 apartment in Kiev, settled via smart contracts and in Ethereum cryptocurrency and PRO (Propy) tokens—marking the first-ever cryptocurrency transaction in Ukraine and the first real asset transfer via blockchain. The latest transaction opens the door for many more remote real estate transactions on the blockchain.

Natalia Karayaneva, CEO of Propy said,

“I’m thrilled to see Propy leading the charge in putting real estate on the blockchain—bringing transparency, efficiency, and security to an industry traditionally fraught with red tape and bureaucracy. Ukrainian real estate is very affordable, and the Ukrainian market will soon be growing dynamically. This purchase is an important signal to foreign investors—especially Chinese, who face strict capital controls of $50,000 per person—that they can safely and easily invest in this market and, soon, other countries.”

Arrington’s real estate purchase from Ukrainian developer Mark Ginsburg is the latest in a string of successes for Propy. In September the company raised $15 million in a pre-sale and crowdsale of PRO tokens—making it one of the ten highest-earning ICOs this summer. It also entered into an official partnership with the government of Ukraine, which has agreed to pilot the blockchain title registry. The partnership—Propy’s first with a foreign government coincides with new legislation allowing foreign investors to purchase land in Ukraine as of January 1, 2018.

By utilizing Ethereum blockchain—a technology that is quickly gaining on the Bitcoin blockchain as the blockchain of choice for developers, Propy has taken an important first step in automating real estate purchases on the burgeoning global real estate market.

Karayaneva continued,

“This is only the beginning. With this transaction, we’ve broken first ground in putting the $217 trillion real estate market on the blockchain. We’re starting with Ukraine, but over the coming year we plan to facilitate real estate transactions with the use of PRO tokens in California, Vermont, and Dubai.”

About Propy

Propy is the world’s first international real estate marketplace, aimed at solving the problems of purchasing property across borders. Propy facilitates connections between international entities to enable the seamless purchase of international real estate online. The Silicon Valley-based company is advised by Michael Arrington (founder of TechCrunch), Vinny Lingham (CEO of Civic), David Cowan (Partner at Bessemer Venture Partners), Alain Pinel (Intero Real Estate), Daniel Kottke (formerly of Apple), Mike Costache (Managing Partner at KrowdMentor & d10e), and Jeremy Gardner (EIR at Blockchain Capital).

Learn more about PROPY at – http://propy.com/
Find PROPY on Facebook – https://www.facebook.com/propyinc
Follow PROPY on Twitter – https://twitter.com/propyinc
Join the Telegram channel at – https://t.me/propy
Join the Slack channel at – https://propy.slack.com/
Youtube Channel – https://www.youtube.com/channel/UCBOD4QL1DsZQkkRC6Hpb6EQ
Download the app from AppStore – https://itunes.apple.com/us/app/propy-buy-rent-properties/id1017369540?mt=8
Learn more about Ambisafe at – https://www.ambisafe.co/

Media Contact
Contact Name: Denitza Tyufekchieva
Contact Email: [email protected] | [email protected]
Location: San Francisco / Kiev

Propy is the source of this content. Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to consumer protections. This press release is for informational purposes only. The information does not constitute investment advice or an offer to invest.

About Bitcoin PR Buzz
Bitcoin PR Buzz has been proudly serving the PR and marketing needs of Bitcoin and digital currency tech start-ups for over 5 years. Get your own professional Bitcoin Press Release. Click here for more information about Bitcoin PR.

You found our newsletter subscription!

Did you know that less than 10% of website visitors ever make it all the way to the page end?!

bitcoin pr buzz logo

Blockchain enthusiasts from the start. We have over 7 years experience in Bitcoin marketing specifically: leveraging our unique expertise, partnerships and experience we bring you the most refined, effective, and value for money Bitcoin marketing and Bitcoin press release service to be found.

Please Note:

Press releases are for informational purposes only. The information does not constitute investment advice or an endorsement by Bitcoin PR Buzz. Bitcoin PR Buzz does not certify the accuracy of the information in press releases published on this website.

Issuers of Press Releases, and not Bitcoin PR Buzz, are solely responsible for the content of press releases, and the accuracy of the content in press releases.

Quick Links

  • Press Release Services
  • Submit Press Release
  • Latest Press Release
  • Social Media Service
  • Copywriting
  • About
  • Careers
  • Terms & Conditions
  • GDPR
  • Token Sale Press Release Policy
  • INC verified
Rss Facebook-f Twitter Linkedin

Coins Accepted Here

bprb
Bitcoin News Banner

© 2021 Fintech PR LTD

Welcome to Bitcoin PR Buzz!

Your privacy is immensely important to us and we do our best to safeguard your data. We use cookies to improve your experience and to improve our services. We comply with the EU General Data Protection Regulation act also known as GDPR. We wish you a pleasant stay at bitcoinprbuzz.com, if you have any questions please feel free to chat with us below or email [email protected]

I ConsentCookie settings I need more information
Privacy & Cookies Policy

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may have an effect on your browsing experience.
Necessary
Always Enabled

Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.

Non-necessary

Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.

  • →
  • Contact Us

    Contact Form

  • Telegram