Open House Group on January 31st announced that it will start the use of cryptocurrency payment, which will increase convenience for international buyers wishing to buy Japanese real estate.
The move comes at a time when the the use of crypto payments in real estate has been rising continuously. Additionally the move is in tandem with the rise in crypto acceptance in Japan.
Open House Group Now Accepts Cryptocurrency
Open house plans on accepting Bitcoin and Ethereum as the first stage of crypto acceptance.
With the new service, the business will use its collective strengths to gradually provide all-inclusive, one-stop services that include property search, acquisition, management, and sales advice.
Mostly concentrated in Tokyo, Nagoya, Osaka, and Fukuoka, the Open House Group has a broad portfolio that includes investment properties including office buildings and studio condominiums as well as personal homes and condominiums.
The company’s combined development, sales, and management business model enables it to offer a range of solutions to customers. In addition, Open House Group firms oversee resort properties and real estate in the United States, offering clients comprehensive one-stop services that include guidance on all facets of property research, development, sales, and future resale.
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Open House’s New Service Comes as Japan Sees Rise in Crypto Rise
Japan’s tech-savvy populace and progressive legislative framework have contributed to the country’s notable increase in Bitcoin usage. In 2017, the nation was among the first to formally acknowledge Bitcoin as legal cash, setting the stage for its wider acceptance.
The Financial Services Agency (FSA) oversees cryptocurrency exchanges, protecting consumers and fostering market confidence. Furthermore, the expansion of cryptocurrency-related enterprises and decentralized finance (DeFi) platforms has been fueled by Japan’s high internet penetration and innovation-driven economy.
With their growing popularity, cryptocurrencies are being used more and more for trade, payments, and even as a store of value.
Open House’s New Service Stays in Tandem with Surge of Crypto Usage in Real Estate Sector
As more buyers and sellers rely on digital assets for transactions, the use of cryptocurrency in the real estate industry has been increasing gradually.
Fast, international payments are made possible by cryptocurrencies like Bitcoin and Ethereum, which lessen dependency on conventional financial institutions.
Cryptocurrencies are being accepted by real estate brokers and developers more and more, which speeds up transactions and draws in new investors. Digital assets are becoming more widely accepted in the real estate market because to this trend.
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