In a tweet earlier today, Binance CEO, Changpeng Zhao, could not hold his excitement as Binance Coin (BNB) was announced as now being accepted by the Propy Inc: a real estate firm that accepts payments in cryptocurrencies. The firm known as Propy made the announcement as follows:
Propy will accept BNB for home buying!
@Binance Chain is coming and $BNB, which is a great store of value today, will turn into programmable money. For the rapidly growing BNB community, we make it possible to invest in real estate with easy paperwork at Propy!
The reaction by Changpeng Zhao summarizes how big this is for the coin as can be seen in his brief tweet below.
Wow, thanks! https://t.co/48Fxt5XU8i
— CZ Binance (@cz_binance) October 10, 2018
More About Propy Inc.
Back in May, Propy had also made headlines when they announced that they were now accepting payments in XRP for 27 acres worth of prime land in California.
Based in Palo Alto, California, Propy is a global real estate marketplace with a decentralized title registry. The team at Propy aims at solving the problem that is international real estate transactions. They aim to do this by creating a unified property store and asset transfer platform for the global real estate industry. By using smart contracts, Propy connects buyers, sellers, brokers and escrow/title agents/notaries.
2 More Instances of BNB Adoption
The news of BNB adoption does not end with real estate. Coingate now accepts BNB payments on its platform. Coingate is a payment gateway for blockchain payments. Its mission is to grow the adoption of cryptocurrencies on a global scale.
BNB now joins the list of cryptocurrencies that can be used for purchases through the merchants who have registered with the service. You can also sell your BNB for Bitcoin or Euros on the platform.
The third instance of BNB adoption is the possibility of in-chat transfers on the ADAMANT messenger. The decentralized messaging platform only had ETH transfers and their native digital asset of ADM. BNB becomes the first ERC20 token to be integrated onto the messaging platform.
The team at ADAMANT gives the following guidelines to users who wish to carry out BNB transfers:
- Find your BNB wallet address on the ‘Wallet’ tab
- Transfer BNB to that wallet address
- Open a chat with the person you wish to send the funds
- Click the ‘Plus’ sign to the left of message input field;
- Choose ‘Send BNB’
- Enter amount and confirm your transaction
In conclusion, these three instances of Binance Coin adoption not only benefits BNB, but it serves to prove that the general process of crypto adoption is proceeding at a steady pace across the globe.
Disclaimer: This article is not meant to give financial advice. Any opinion herein is purely the author’s and does not represent the opinion of Ethereum World News or any of its other writers. Please carry out your own research before investing in any of the numerous cryptocurrencies available. Thank you.