Crypto burning a hole in your digital wallet? You can now spend it on property in Thailand, courtesy of Thai real estate powerhouse Sansiri.
Yesterday, the company announced that it was partnering with Thai fintech startups Bitazza and XSpring Digital to enable the use of cryptocurrencies in transactions.
XSpring Digital specializes in asset tokenization, enabling financing for and access to traditional assets through its investment portal.
In May of this year, Sansiri became the major shareholder in the startup, investing B2 billion to acquire a 15% stake.
Bitazza, meanwhile, is Thailand’s largest digital asset broker licensee. It allows you to buy or sell your crypto on its secure platform through its networks in Thailand and across Southeast Asia.
This joint partnership allows you to buy, reserve, or pay for houses condos, and annual common fees for every Sansiri project without the need to open a new wallet. The company claims that it only takes five minutes to confirm prices from XSpring Digital.
Courtesy of Bitazza, you can choose to use any of four different cryptocurrencies to pay for your new property: Bitcoin (BTC), Ethereum (ETC), Tether (USDT), and USD Coin (USDC).