Read more in Private Edition (page 58)
Property technology (AKA proptech) startups are starting to shake the century old South African real estate industry to its core. Here’s four ways how they are doing this.
Luno, the digital currency company with offices in Cape Town, had just announced a US$9-million Series B funding round, and its plans to expand to several new European markets, taking its Bitcoin wallet to 40 countries in total.
It seemed like cryptocurrency and blockchain interest might be finally tipping from a fairly geeky quadrant of the internet to something a bit more mainstream.
Until in walked Gartner with a hefty, and probably justified, dose of realism around blockchain during its Symposium/ITxpo last week.
It is easy to dismiss low-commission, online estate agencies as corner cutters with unsustainable business models. They are alright for some, but surely the discerning property seller will pay for excellent service and the novice realises it would be foolish to go it alone when negotiating possibly the biggest deal of their lives? That dismissive view would be a mistake.