“Ukraine sold the apartment for cryptocurrency

An American company Velton/Zegelman carried out the first in Ukraine exchange of real estate in Kiev in ether (Ethereum), one of the most popular cryptocurrency in the world.

According to a press release of the Ukrainian legal company “Juscutum” supporting the transaction, its total value amounted to $60 thousand.

The owner of the cryptocurrency were made by the American company Velton/Zegelman, a platform for the transaction was Propy startup in Silicon valley. The owner apartments in Kiev changed her for money, having signed a smart contract.

“The seller and the buyer on the platform Propy endorsed the intention of the contract under which the cryptocurrency transferred on Deposit. After that, the lawyers prepared the necessary documents for the transaction of purchase and sale was ordered acts of real estate appraisal, written power of attorney the parties held a notarial transaction”, – stated in the message of the company.

After entering into the State register of real rights to immovable property changes, an extract from it was uploaded to the system Propy, then the smart contract has been unlocked.

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