Bitcoin and Binance in Real-Estate
James Pratt Auctions and NuYen Exchange announced the launch the world’s first live property auction using cryptocurrencies. The auction will commence on Apr. 8th and buyers will be able to use Bitcoin (BTC) and Binance Coin (BNB) to purchase a beach-front modern mansion in the town of Casuarina in East Australia. While cryptocurrencies have been a regular occurrence in the real estate industry for quite some time now, the market was yet to see the mainstream interest in such deals. That is until James Pratt Auctions announced that it will be hosting the world’s first live property auction using cryptocurrency. The world-renowned auction house announced the auction in an Instagram post on Mar. 7th, saying that it partnered with Binance and NuYen exchange on the project. TrigonTrading, an OTC trading, exchange, and custody service based in Australia, will be assisting NuYen exchange to settle the auction, the company confirmed in a tweet.
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