London, 25th February 2015. RE/MAX London, the London region of the worldwide property leader in residential sales, today announced a pilot program with GoCoin to accept digital currency for property rentals across the UK. GoCoin is a global leader in Blockchain payments and the first platform for processing Bitcoin, Litecoin and Dogecoin at checkout.
Thanks to the partnership with GoCoin, RE/MAX London is the first estate agency in the UK to offer to its clients and consumers the possibility to make payments for property rentals through digital or cryptocurrency.
RE/MAX has an established presence in the UK, with more than 180 associates and over 46 offices, 16 of which are in London. Integrating with GoCoin’s platform will benefit both RE/MAX London and its tenants by offering instant and frictionless lease payments without the fees associated with credit cards and other traditional payments methods.
“RE/MAX is the most productive estate agency network in the world, and this is due, in part, to the way we proactively leverage emerging technologies,” said Peggy Su, regional owner and director at RE/MAX London. “RE/MAX has topped representation in over 95 countries: this represents over one third of the world hence the importance of providing extensive options of payment methods for our clients and consumers in today’s market. Together with GoCoin, we are realizing the efficiencies of new payment technologies and its ability to add value to our internal business operations.”
GoCoin allows merchant operators to safely accept digital currencies without being exposed to their potential market volatility. Merchants can choose to keep the cryptocurrency, or convert all or part of it into traditional fiat including USD, GBP, Euros and Singapore Dollars.
“RE/MAX London is taking an important first step toward embracing the full potential of the Blockchain for the real estate market,” said Steve Beauregard, co-founder and CEO of GoCoin. “Lease payments are one area of focus, and we look forward to expanding into other areas of smart property as well.”
The Bitcoin Blockchain is a peer-to-peer system for exchanging value over the Internet without requiring an intermediary such as a bank or traditional financial institution. All transactions are recorded in a public ledger, and because digital currencies can only be transferred to one party at a time, fraud is completely eliminated.