Binance has partnered with James Pratt Auctions and NuYen Exchange to launch the world’s first live property auction using cryptocurrencies. The auction will commence on Apr. 8th and buyers will be able to use Bitcoin (BTC) and Binance Coin (BNB) to purchase a beach-front modern mansion in the town of Casuarina in East Australia.
World’s First Live Property Auction
While cryptocurrencies have been a regular occurrence in the real estate industry for quite some time now, the market was yet to see the mainstream interest in such deals.
That is until James Pratt Auctions announced that it will be hosting the world’s first live property auction using cryptocurrency. The world-renowned auction house announced the auction in an Instagram post on Mar. 7th, saying that it partnered with Binance and NuYen exchange on the project.
— TrigonTrading (@TrigonTrading) March 11, 2019
Changpeng Zhao, the founder, and CEO of Binance, said that buyers will be able to purchase the property using both Bitcoin and Binance Coin.
— CZ Binance (@cz_binance) March 11, 2019
The property listed at the auction is located in Casuarina, a town located in north-eastern New South Wales, Australia.