Propy Launches Crypto Escrow Service with Coinbase Prime to Facilitate Secure Real Estate Transactions
Propy, a blockchain-based real estate platform, has introduced a new crypto escrow service designed to simplify high-value transactions such as real estate closings and mergers and acquisitions (M&A).
Built in partnership with Coinbase Prime, Propy’s service enables buyers to securely hold cryptocurrencies —such as Bitcoin, Ethereum and USDC — in escrow during the transaction process, mitigating risks associated with early conversion and market volatility.
The service targets a growing market of crypto holders in the US who are increasingly looking to use digital assets for real-world purchases. With more than 50 million Americans reported to hold crypto as of 2023, demand for secure transaction options that integrate cryptocurrency…
