- Bitcoin Well (BTCW) has signed a letter of intent (LOI) with Greater Property Group to help customers buy and sell real estate with crypto
- The companies will earn revenue from Bitcoin processing fees and real estate brokerage fees
- They expect to complete the joint venture agreement in Q1 2022
- Greater Property Group is a national residential and commercial real estate brand
- Bitcoin Well offers convenient, secure and reliable ways to buy and sell Bitcoin
- Bitcoin Well (BTCW) closed up by 3.45 per cent trading at $0.15 per share
Bitcoin Well (BTCW) is partnering with Greater Property Group to help customers buy and sell real estate with crypto.
Bitcoin Well will provide cryptocurrency services and licensing, compliance strategy and KYC processes.
Greater Property will provide real estate services, licensing and strategy.
The companies will earn revenue from Bitcoin processing fees and real estate brokerage fees.
Their next step is to negotiate a definitive joint venture agreement that covers both residential and commercial real estate.
They expect to complete the joint venture agreement in Q1 2022.
“This is yet another step towards a Bitcoin standard society as we continue to propel Bitcoin’s usability,” said Adam O’Brien, Founder and CEO of Bitcoin Well. “Our ability to process millions of dollars with ease will allow customers looking to use Bitcoin in real estate deals to transact with confidence.”
“The applications for cryptocurrency in real estate are limitless, and we look forward to bringing that investment power and flexibility to more and more transactions and agents from coast to coast,” added Nathan Singh, Managing Partner at Greater Property Group.
Greater Property Group is a national residential and commercial real estate brand.
Bitcoin Well offers convenient, secure and reliable ways to buy and sell Bitcoin through a trusted Bitcoin ATM network, white-glove in-person service and a suite of web-based transaction services.
Bitcoin Well (BTCW) closed up by 3.45 per cent trading at $0.15 per share.