Global real estate platform Propy has announced that they will be accepting Ripple [XRP], Bitcoin [BTC], and Ethereum [ETH] as payment for one of the listings on their site. This marks the beginning of their adoption of cryptos as payment for real estate.
The offer in question is for a piece of land measuring around 27 acres, or close to 100 sq. km, in the heart of Silicon Valley. The property is located on Shannon Road, on top of the Los Gatos Hills. The offer is exclusive to Propy and is on sale for $16 million.
Investors can build up to 10 homes on the property, which overlooks some of the “most pristine lands in Northern California”. The soil of the property is said to be ideal for growing a vineyard, an olive farm or horses. It is close to the headquarters of prominent tech companies such as Netflix, Google, and Apple.
The property also boasts proximity to prominent educational institutions such as Stanford University and Harker, America’s top private high school. The official listing says:
“This is one of the largest pieces of land left that are for sale in Silicon Valley. Its location, view, and community make it a rare opportunity for buyers who want to build their roots in one of the most preferred places to live in the country.”
On Propy’s Twitter account, Twitterati praised the company and its move to cryptos. User Kehinde Lawal said:
“Propy is really doing a great job when it comes to purchasing real estate with cryptocurrency seamlessly and securely.”
User hastytoro said:
“Well done Propy! Adding a enterprise asset for property purchases. You will however have to wait till I give you my #xrp”
The company also teased that they might add Litecoin [LTC] to their roster of accepted coins when user Paalsky said:
“Need to add Litecoin!”
“Perhaps one day!”
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