RealOpen: Revolutionizing Real Estate Purchases with Crypto

RealOpen, a groundbreaking platform, has been launched to facilitate the purchase of real estate using cryptocurrency. This innovative solution, as detailed in an exclusive press release to crypto.news, addresses the major challenges faced by crypto owners in the real estate market, including high public exchange fees, trade slippage, withdrawal limits, and the difficulty in finding crypto-friendly sellers.

Transforming Real Estate Investment

RealOpen is set to change the landscape of real estate investment by allowing crypto holders to invest globally without the constraints of geographical boundaries or the need for crypto-friendly sellers. The platform’s reach extends to various locations, including Abu Dhabi, California, and the U.K., offering a wide range of investment opportunities.

The process begins with investors creating an account on RealOpen, where they undergo identity verification and receive a RealScore to assess their purchasing power. This score enables them to proceed with the home purchase process as cash buyers, a significant advantage in the traditionally cash-centric real estate sector.

Traditionally, entering the real estate market with crypto assets has been fraught with challenges. Most sellers and developers prefer cash investments, often due to a lack of infrastructure or willingness to handle cryptocurrency transactions. RealOpen addresses this issue by facilitating the conversion of crypto to fiat currency through a secure, off-market, off-chain, over-the-counter (OTC) desk. This approach not only eliminates the slippage associated with large orders but also allows for a more efficient and cost-effective transaction.

Key Features of RealOpen

1. Cash Purchases Without Manual Conversion: Investors can buy properties as cash purchasers without the need to manually convert their crypto holdings into cash.
2. No Price Slippage: RealOpen’s unique trading mechanism prevents price slippage, common in public exchanges during large crypto sales, potentially saving buyers up to 10% of the home purchase price.
3. No Withdrawal or Trade Limit Constraints: Unlike traditional exchanges, which impose daily withdrawal limits, RealOpen allows for the funding of large purchases without any limitations.
4. Seamless Real Estate Transactions: For all stakeholders involved, including realtors and property owners, the client appears as a conventional cash purchaser. This simplifies the transaction process, making it more efficient and less cumbersome.

RealOpen stands as a pioneering platform in the intersection of cryptocurrency and real estate, offering an express lane for crypto holders to invest in one of the most stable and traditionally lucrative sectors – real estate. This platform not only simplifies the process but also opens up new avenues for investment, merging the dynamic world of cryptocurrency with the solidity of real estate ownership.