Companies in Real Estate Examine B2B Payments with Cryptocurrencies.
The cryptocurrency market has calmed down after a wild year as banks and investors have rekindled their interest in it. As a substitute for cash, cryptocurrency is still supported by some, and real estate might benefit from it as well.
Significant progress has been made in the functionality, applications, and security of cryptocurrencies in recent times, and this has generated interest in a number of industries, including real estate.
While bitcoin transactions can be completed in a matter of minutes or hours, traditional real estate transactions can take weeks or even months to complete.
When asked about their preference for various payment methods, real estate firms list transaction speed as one of their main justifications. Because of this, one in five American real estate firms intend to utilise cryptocurrencies.
Based on PYMNTS Intelligence data, for B2B payments in the upcoming year.
Research conducted by PYMNTS Intelligence in association with The Clearing House is titled “Corporate Changes in Payment Practices: A Deep Dive Into the Real Estate Industry.”
The study’s foundation is a survey that was conducted among 125 executives working for US real estate companies to learn more about the different payment methods these businesses employ for business-to-business transactions.
day ACH, and checks are the most popular payment options in the se
The automated clearing house (ACH), same-
ctor, according to the survey. Still, a lot of businesses are constantly looking for faster, safer, and more innovative options. Cryptocurrency adoption by real estate companies is motivated by the same factors that propel real-time payments.
Thus, the proportion of businesses intending to start utilising
In the real estate industry, international transactions utilising traditional methods can be challenging, costly, and necessitate extra paperwork. Regardless of the parties’ locations, transactions involving cryptocurrencies can be completed quickly and effectively. This facilitates the procedure for foreign investors.
Even with the benefits, there are restrictions and challenges to take into account when utilising cryptocurrencies in real estate transactions. One of the main challenges is the volatility of cryptocurrencies, as their value can fluctuate significantly, making it difficult to determine the true value of a real estate investment.
Furthermore, there are problems with the occasionally ambiguous regulatory framework pertaining to cryptocurrencies. Another negative is the real estate industry’s sluggish adoption of cryptocurrencies.
DocuSign Rejects Comments Regarding Alleged Sale Investigation.
an eSignature business, has refrained from commenting on a report in the media indicating that it is mulling a possible sale. When contacted by PYMNTS on Friday, December 15, a DocuSign representative stated, “DocuSign does not comment on market rumours or speculation as a matter of policy.”
According to a Wall Street Journal (WSJ) story published on Friday, the company is thinking about selling, which might lead to one of the biggest leveraged buyouts in recent memory.
According to the report, technology companies and private equity firms are anticipated to express interest in the $11 billion business. According to the report, Docu Sign’s technology enables users to safely send and sign documents from any location and on any device.
Large corporations and individual business owners make up its clientele. The business went public in
According to the report, the prospective sale is taking place at a time when private equity firms have been less active because of a price discrepancy between buyers and sellers and higher interest rates that drive up the cost of deals.
Specifically, leveraged buyouts have decreased by about 30% so far this year.
One recent move at DocuSign was the company’s announcement in November that it has partnered with Whats
App to enable companies to close deals through the messaging service.
Users can now sign documents quickly and securely by sending real-time notifications that link directly to agreements through Whats
App Delivery, which incorporates Docu
Sign’s eSignature into the app.
DocuSign introduced an improved identity verification service in July that employs biometric checks enabled by artificial intelligence (AI) to verify that individuals signing.
READ MORE:
1. Health and Fitness Tips for You
2. Upcoming New Movies
3. Get New Jobs Directly From Companies FREE Visa
4.Latest News of Cryptocurrency and Bitcoin
5. Real Estate Business for you
6. Latest News
7. Best Insurance Policy for Everyone
READ MORE:
- 1. Strategic Management Process: Top5 Jobs In Dubai FREE VISA Apply Now
- 2. Vancouver Time fighting for $12,000 in travel insurance Nightmare FREE
- 3. DIABETIC DIET : A PROFESSIONAL’S GUIDE TO A WARM AND WELL-BEING
- 4. NICOLAS CAGE STATES : HE HAS 3 OR 4 MORE MOVIES LEFT NOW
- 5. EMPRESS CRACKS: FOR THE FIRST TIME SINCE APRIL
- 6. DESPITE MEANING: DESPITE HIGH RATES, MORE US HOME BUYERS ARE WILLING TO BUY
- 7. A 44-YEAR-OLD BOSTON WOMAN WAS KILLED BY A SHARK ATTACK IN THE BAHAMAS WHILE ON VACATION
