Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) are the most popular among crypto enthusiasts and now they are all accepted as payment methods for the acquisition of 27 acres of land in Los Gatos, in California, as recently Ripple (XRP) has been accepted by Propy Inc as a cryptocurrency payment method.
Any announcements with regard to the adoption of cryptocurrency are particularly appreciated in this period of turmoil in the cryptocurrency market that has witnessed Bitcoin (BTC) drop to its current record low of $7,000. BTC is now trading at $7,241, at the time of this article. On the other hand, Ethereum (ETH) is currently traded at $533 and Ripple (XRP) is down to levels under 60 cents and quoted at $0.57.
Via Propy Inc, a real estate business committed to addressing cross-border real estate purchase challenges, a property appraised at $16 million may be acquired with BTC, ETH or XRP.
Propy Inc accepted Ripple (XRP) as a new cryptocurrency payment method for a $16 million property
The announcement has been made via a tweet on the official Propy Inc page on the social networks, which reads:
Great news! We added XRP as a cryptocurrency accepted at Propy, starting with a rare investment opportunity to acquire one of the last large pieces of city land in Silicon Valley! $, BTC, ETH and now #XRP are accepted. The offer is exclusive on #propy:
The property listed on the Propy Inc’s website features a thorough description of what it offers and also admits the acceptance of Ripple (XRP) as a cryptocurrency payment method, along with Bitcoin (BTC) and Ethereum (ETH).
BITCOIN & ETHER and XRP ACCEPTED! Welcome to Los Gatos! Located on Shannon Road, this rare 27-acre site near the top of Los Gatos is now for sale.
This property is the first on Propy to accept cryptocurrency payment in Ripple (XRP) but the real estate company is optimistic other properties will follow.
According to the current XRP value against the USD, one would need around 27,9 million Ripple (XRP) to acquire the property.
Jackson Bey was born and raised in Lethbridge Alberta but moved east when he was 22. Apart from running his own consulting firm. Jackson spends his time canoeing the many lakes of Ontario. As a financial journalist Jackson has published stories for CBC Business Online, as well as Buzz Feed and Motherboard. As a contributor to Billionaire 365, Jackson mostly covers markets and trade.