Ukrainian Real Estate Developer Starts Accepting Crypto Plashchynskaya
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June 6, 2022

The DIM group, a Ukrainian full-cycle development holding company, is now allowing its clients to buy a real estate with stablecoins.

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The company said in a blog post that customers can purchase apartments with USDC, USDT, BUSD, DAI, with additional support for other cryptocurrencies to come later. A spokesperson for the DIM group said:

"Individuals sell and buy movable and immovable property with the help of cryptocurrency, so the implementation of such a service for the purchase of primary real estate was a matter of time."

The spokesperson added that the company wants in future to register all the operations on the blockchain with the help of smart contracts.

Brazil's Top Real Estate Developer to Accept Crypto

Earlier in May, analysts at JPMorgan said that the bank replaced real estate with digital assets as its "preferred alternative asset class along with hedge fund." The New York-based financial giant sees bitcoin (EXANTE: Bitcoin) trading below its "fair price" by 28%, suggesting there's "significant upside" from the current level.

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