- A Japanese real estate firm now accepts XRP, SOL, and DOGE payments apart from BTC and ETH.
- Crypto payments now cover all Open House services, from property acquisition to management.
- Japan has supported crypto adoption since 2022 and has even sponsored research initiatives
Japan’s real estate company Open House has added XRP, Solana (SOL), and Dogecoin (DOGE) to the list of accepted cryptocurrencies besides Bitcoin (BTC) and Ethereum (ETH). Cryptocurrency has been signaling Open House’s readiness to integrate modern technology into the firm as it expands for future growth.
Rising Demand for Crypto Transactions
Open House is observing a growing demand for crypto transactions due to the increased popularity of cryptocurrencies around the world and the gradual establishment of legal requirements. This trend is currently most evident in the real estate industry. It is one of Japan’s leading real estate companies with annual sales of ¥1 trillion ($ 6.7 billion). Cryptocurrency support has been implemented across its entire spectrum of real estate services.
Open House has now accepted XRP, SOL, and DOGE as a form of payment starting from property purchasing, architectural services, building construction, property sales, and property management. These new payment options are in addition to the current BTC and ETH methods, thereby giving more freedom to the buyers. Yokiko Nishimura, who is leading the Open House’s crypto initiative, has been instrumental in introducing crypto solutions to local financial institutions and exchanges since 2015.
Open House’s decision to add these tokens is executive because of the acknowledgment of the flexibility it caters to its clients. This is because it enables the company to make provision for a broader market of investors around the globe. The firm stated that the expansion would enable flexibility for their global clients in their investment process. The company first began exploring blockchain and crypto integration in 2022 and has since supported crypto adoption within the financial sector, including sponsoring research initiatives like Bitcoin’s Lightning Network.
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Also, emphasizing the potential of cryptocurrencies, the Prime Minister of Japan, Shigeru Ishiba stated that the development of the country pointed to digital assets and Web3 technologies. Japan’s Cabinet has formally agreed on the Payment Services Act, thus regulating stablecoins and crypto exchanges to bring crypto into the mainstream finance sphere. The trend of adopting cryptocurrencies widespread across different industries means that Open House’s decision to accept several tokens for real estate payment is a big step forward. This decision can be viewed as indicating the firm’s continued striving for innovation and adaptability.
