MyEListing, a proptech company that describes itself as "free commercial real estate listings and data platform," announced recently that it had "partnered with Millennial Title, and Championship Title to create a marketplace where anyone in the world can buy and sell US residential & commercial real estate with crypto via an integration with Coinbase Commerce, and close within one business day," according to a press release.
However, the ultimate status of Coinbase, one of the largest crypto exchanges in the world, is a bit up in the air as the company continues its attempts to get regulatory guidance on how cryptocurrencies will be regulated in the US.
The new marketplace is called the ASAP program, for Accelerated Sale And Purchase. MyEListing.com hosts the marketplace. Millennial Title and Championship Title handle the title work. Coinbase Commerce converts a buyers' cryptocurrency payment into cash for the seller. MyEListing claims that transaction times could be up to 50 times faster than current averages, "bringing cost-saving convenience and greater accessibility to trade."
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