Virtual currency will be used to buy real estate in the UK

British developer Knight Dragon has announced the launch of the first tokenized real estate project in London. The total cost of the project is estimated at 140 million pounds.

Representatives of the developer explained that instead of using traditional documents and fiat currency, users can pay for the purchase of real estate with virtual tokens — this type of payment is legally equivalent to physical purchases and contracts, and is also many times safer.

Currently, KDB4 tokens have already been minted and are waiting for investors. The trend of buying real estate for virtual assets is already popular in Ukraine. Recently, the DIM developer opened the possibility of buying apartments for cryptocurrency. In the first stages, USDC, USDT, BUSD, and DAI will be accepted. You can also buy real estate in Dubai, Portugal, and Brazil with cryptocurrency.