One of the UK’s leading software and digital marketing companies for estate agents is producing its first cryptocurrency portal that will inevitably lead to many more.
The renowned Property Webmasters has been commissioned to produce a website for a leading real estate brand which will accept crypto as a payment method.
It is a sign of the growing number of companies that have embraced digital tokens, with more and more taking such a step.
Property Webmasters, based on Teesside in the UK, is proud to have been given the responsibility to develop the platform and feels it will be merely the first in a long line of crypto portals they will produce.
James Sheldon, Property Webmasters’ operations manager, said: “The leading real estate brand we are working with is widening its markets and this move is an innovative path that many are now looking to take.
“Why are we going down the electric car route when we have cars already? The crypto portal is the same sort of concept. We have currencies already, but it’s about creating more options for people.
“The world is becoming a smaller place, everyone is being connected these days wherever you are, so crypto helps to break down international boundaries. It was inevitable that this was going to happen.”
The property industry is aware of the importance and significance of blockchain technology – a system which records information in a way that makes it impossible to edit or hack – and that links well with crypto and various other ways of investing and transacting.
It is an approach that is growing in the UK and around the world, particularly in the US, and Property Webmasters wants to ensure it is well placed to help estate agents take that step if they want to.
Jamie Arthur, the chief executive and founder of Property Webmasters, said: “More and more industries are engaging with crypto and more and more estate agents are starting to too.
“Such a portal is intended to connect with clients who are willing to accept crypto as a payment method for a property. Crypto has been around for years and in the last five years we have seen crypto go on an upward trajectory – we want to be part of that worldwide progression.
“If it continues then that market is only going to get bigger and bigger. To many, it might be alien but it is really not that complicated.
“It is important for us to keep up with trends. In a digital space, looking at technology, you want to be ahead of the curve. From an innovation point of view it is vital we are looking at crypto.”
Property Webmasters is basically creating a transactional real estate listing website which will only display properties whose owners are willing to accept crypto as a currency. The more who accept the bigger that site will become.
The plan is for Property Webmasters to then implement a crypto feature into its very own AgentPlus website solution for estate agents at home and abroad within the next 6-12 months.
James added: “We have clients in different corners of the world. Crypto, digital tokens, solves a lot of problems when transferring a lot of money between companies.
“Proof of funds, for example, is there immediately. It is simpler to cut out a lot of the paperwork that banks require and it is regulated in many areas now.
“I believe that in the future it will be pounds, dollars and crypto when you talk about currency, and it is merely another source of paying for goods or in this case property.”
If you’re interested in learning more about Blockchain technology and Cryptocurrency and how this is changing the property industry, you can find out more in a blog article here.