We are very excited to announce that ForumPay has enabled crypto payments for Sotheby’s Concierge Auctions – the world’s largest luxury real estate auction marketplace – for real estate purchases.
To kickstart this crypto real estate endeavor, William Erbey, the primary investor in ForumPay, will be one of the first to sell his property, an exclusive 7.76-acre private Caribbean estate, with Sotheby’s Concierge Auctions with the option of crypto payment.
ForumPay will enable the crypto payment to be instantly converted to fiat and settled to the title/escrow company in the ordinary course. The end-to-end payment process is fully transparent, with no risk from potential crypto price volatility to the buyer and seller.
You can learn more about this exciting opportunity here.