Estate agent Ronnie Rickner, director of Rickner Charles, has started accepting cryptocurrency as payment for the company's services and has already received a fee from one of his clients in Bitcoin for the sale of a property in Rochester worth £600,000.
Other agents also reported using digital currency in their transactions. Last year, Go Homes said it had sold £350,000 worth of properties for bitcoin, and some landlords have begun accepting rent and down payments in the cryptocurrency.
Rickner says his offering is unique because he accepts not only bitcoin, but also ethereum and ripple. This ensures customers can transact faster without having to provide account details, and overseas buyers can benefit from lower rates. All crypto payments will be stored in a secure cold wallet or immediately converted into fiat.
In relation to compliance with anti-money laundering obligations, Rickner said that there is currently there is no legislation that would apply to the cryptocurrency sector, including the fight against money laundering. But he hopes that the matter will be resolved soon and the firm will adhere to all these laws.
We closely monitor any changes in legislation regarding our obligations, and we also ensure that all necessary checks are carried out on clients before providing any services. We want to change the industry for the better.
Rickner believes that agents need to take advantage of opportunities to compete successfully with online agents and not be forced out of business by limiting customers' payment options.
I hope that we can provide services and innovate in a way that helps customers take advantage of new technologies and not be limited by traditional payment methods.
According to propertyindustryeye.com
You May Also Like
Financial sharks do not advertise their activities
A recent internal report by The Economic Times (India) revealed a major US-based investment firm that is leading the charge to bring cryptocurrency trading to the traditional stock market. Of course, this initiative comes with many challenges and difficulties, but the integration of digital currencies on major stock exchanges is what many investors are looking for and something that will bring enormous benefits to the entire industry.
What awaits Facebook advertisers after the changes?
In January, Facebook published a list of content that the company considers harmful to its users. The statement said that “ads should not be associated with financial products and services that are often associated with fraudulent activities - binary options, cryptocurrencies, ICOs.”
