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Binance Supports First Live Property Auction Using BTC and BNB

Chris Chiddle
Binance has announced the first live property auction using BTC and BNB. | Source: Shutterstock

Cryptocurrency exchange Binance is partnering with real estate auctioneer James Pratt Auctions (JPA) to launch a live property auction using bitcoin and Binance Coin (BNB).

On April 8, buyers can bid on – and buy – a futuristic-looking, luxury, beach-front mansion nicknamed ‘The Jetsons” in Casuarina, New South Wales, using BTC or BNB.

The auction follows a partnership between Binance, JPA and NuYen Exchange. It also represents another step towards greater adoption of digital currencies.

CEO of JPA and head auctioneer James Pratt said his company is excited to embrace cryptocurrency:

This process gives the consumer another option to consider when purchasing real estate. For the vendor, it can help attract a whole new kind of buyer … There is a large audience internationally excited by this.

BNB – Real World Use?

Founder and CEO of Binance Changpeng Zhao tweeted about the auction, utilizing the hashtag #useBNB. TrigonTrading, a Queensland-based exchange specializing in high-volume, over-the-counter (OTC) trades, says it will help facilitate the auction and sale.

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