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CPROP Signs Third Property Portal, Extending Its Reach to the MENA Region

CPROP Signs Third Property Portal, Extending Its Reach to the MENA Region
Covington, KY, June 19, 2018 --( Cryptoproperties LLC (CPROP) is pleased to announce it has signed an agreement with to explore how to integrate CPROP’s blockchain technology into Zingat’s property portal to improve the transparency and security of residential property transactions in Turkey. Sitting at the crossroads of the Middle East, North Africa, and Europe, Turkey is a dynamic country with a fast-developing legal and regulatory landscape that encourages foreign investment and over 1 million residential property transactions annually.

“Working with Zingat to integrate CPROP’s platform is further validation of our go-to-market strategy for our blockchain-powered real estate transaction technology,” stated CPROP co-founder Luke Sestito. “We are confident that a successful tailoring of our product in partnership with Zingat to address the specific challenges real estate buyers face in Turkey will serve to drive adoption by other portals in the region.”

In the past month, CPROP has signed agreements with portals in Europe and Asia. This agreement in the MENA region expands CPROP’s global footprint and represents another example of how property portals across the world can partner with CPROP to get “closer to the transaction.”

About Zingat

Zingat is one of the fastest growing property portals in the world, attracting over 6 million monthly visitors and more than 18,000 real estate agents. Zingat is partially owned by Propertyfinder Group, the largest property portal company in MENA with real estate listing platforms in UAE, Qatar, Lebanon, Egypt, Morocco, Bahrain and the Kingdom of Saudi Arabia.

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CPROP aims to eliminate the largest inefficiencies associated with residential real estate transactions by merging the transparency and trust enabled by blockchain technology with its proprietary plug-and-play workflow management platform. By partnering with existing property portals around the world, CPROP helps its portal partners increase their revenue opportunities and competitive differentiation. CPROP’s technology improves the transparency and security of real estate transactions by providing blockchain-authenticated documents, smart contract escrows, process automation and options to choose user-rated service providers. CPROP brings blockchain technology into the mainstream of global real estate while enhancing the integrity of the property closing process.

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Sandy Selman

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