The property sector is using online sales and cryptocurrency to prop up the market
A representation of the virtual cryptocurrency Ethereum is seen along with other cryptocurrencies in this illustration taken June 14. (Reuters photo)
Amid a property market slowdown and travel obstacles, developers are adopting digital tools to boost residential sales from local and foreign demand as well as tapping into a new generation of buyers offering sales via cryptocurrency.
Kromchet Vipanpong, chief executive of SET-listed developer AssetWise (ASW), said the company joined hands with Thai cryptocurrency firm Bitkub Capital Group Holdings last week to launch a digital currency exchange service for home purchases.
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