Top Japanese Real Estate Firm adopt Ripple’s XRP
Open House Group Co. a Japanese real estate company declared that it accepted XRP as payment for real estate.
The Tokyo-based business said it made the payment option available to streamline the Japanese real estate purchasing process. In an X post, former Ripple Vice President of Strategy Initiatives Emi Yoshikawa emphasized the recent development.
The Open House Group is a top real estate firm in Japan, with yearly sales of one trillion Japanese yen. The business announced it will also accept Solana and Dogecoin.
According to Open House Group, the recently added digital assets will be usable as prior payment methods like Ethereum and Bitcoin.
On January 31, the company declared that it would start accepting cryptocurrency payments, stating that it would begin with Bitcoin and Ethereum, the two largest digital assets by market capitalization.
The company has been investigating the use of digital assets, including funding studies on Bitcoin’s lightning network. Additionally, the business stated that it has launched a Chinese website where clients can utilize the available payment methods.
Customers can now purchase the entire range of properties the company offers, including residential homes, condominiums, and one-room apartments, using the new payment options, the company added.
According to the company, it would rather use digital assets practically for cross-border and micropayments than view them as speculative assets.
Nonetheless, Open House Group highlighted clients who plan to use its cryptocurrency payment options must abide by all applicable laws, including tax laws, in their home country.
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