Ripple Targets High-Value Real Estate Deals With New Crypto Partnership

Cryptocurrency holders could gain a smoother route to property purchases through a new partnership between Ripple and Cryptescrow. The collaboration aims to support high-value closings while preserving the procedures used by sellers, developers, and title companies. Homebuyers holding cryptocurrency could find it easier to fund property purchases through a partnership designed to connect digital assets with conventional real estate closings. Real estate settlement provider Cryptescrow announced its strategic partnership with Ripple on Oct. 22, drawing on the blockchain financial technology company’s experience serving businesses and institutions. Under the model described in the announcement, Cryptescrow converts cryptocurrency into U.S. dollars for property purchases. Sellers, developers, title companies, and other closing participants would continue handling conventional funds.

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