Bitcoin Well (TSXV: BTCW) announced today its signed intent to negotiate a joint venture agreement with real estate firm Greater Property Group. The venture aims to explore using cryptocurrencies in buying and selling real estate properties.
“This is yet another step towards a bitcoin standard society as we continue to propel bitcoin’s usability,” said Bitcoin Well CEO Adam O’Brien. “Our ability to process millions of dollars with ease will allow customers looking to use bitcoin in real estate deals to transact with confidence.”
The joint venture will manage real estate transactions involving cryptocurrencies. Bitcoin Well is expected to provide the crypto services and licensing, as well as customer information, while GPG will provide the real estate services and strategy.
The venture will also include the promotion of each other’s companies through their respective websites.
The transaction is expected to close in Q1 2022.
Bitcoin Well last traded at $0.14 on the TSX Venture.
Information for this briefing was found via Sedar and the companies mentioned. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.
