Propy held the first in EU real estate transaction on the blockchain

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Decentralized marketplace real estate and registration of rights to land Propy announced the first sale of real estate on the blockchain in Europe.

Holá futuro! The first completely online EU #RealEstate deal on #blockchain is now a reality in Spain! Are you ready to replace the mountains of documents required for buying international properties with a few seamless steps, online? Read at: https://t.co/TEEtTcDlRu pic.twitter.com/KI6y6bx36t

— Propy (@PropyInc) October 9, 2018

A Spanish seller and a French buyer concluded a deal for the sale of real estate in Seville, and the calculation made in cryptocurrency Ethereum.

According to CEO Propy Natalia Karanavai, a blockchain platform allows you to conclude international real estate deal in the form of a conventional online transaction, which greatly simplifies the whole process.

Note, California based company Propy held the first transaction using smart contracts to March 2018. Then a resident of Vermont sold its land joint stock company.

We will remind, in June the company luxury real estate Hilton & Hyland announced the sale of a Roman Villa of the XVI century on the site of the Propy.

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