Propy, a blockchain-powered, real estate transaction and offer platform, and Abra, a digital asset wealth management platform, have announced a partnership that will enable Propy customers to buy real estate by securing a loan using their digital assets as collateral with Abra Borrow.
As material wealth continues to move into digital assets, real estate agents, buyers and sellers are becoming more knowledgeable about the value of digital assets in real estate transactions. Propy aims to simplify the real estate transaction process by empowering buyers and sellers to transact entirely on the blockchain as the technological and legal framework for any purchase.
Abra Borrow uses crypto as collateral to borrow U.S. dollars with repayment terms and interest rates as low as 0 percent. Through its partnership with Abra, Propy customers can borrow against their crypto holdings to take out a home loan using Abra Borrow. Meanwhile, Abra Borrow users can seek Propy certified real