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Philippines: Blockchain-powered real estate platform AQWIRE is launched

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Property solutions provider Qwikwire is looking to streamline how cross-border property transactions are processed by introducing AQWIRE, a blockchain-powered listing platform for real estate.

At a recent press conference, Qwikwire announced it entered a deal with Satoshi Citadel Industries (SCI), one of the Philippine’s biggest crypto companies, to “build the first real estate platform through blockchain in Asia.”

As a payment gateway, AQWIRE will have the capability to list units from different developers worldwide, process payments through different conventional channels such as credit/debit cards, international bank transfers and SWIFT, as well as give out different analytical data to help potential buyers with their decisions.

“We want to become the leading cross-border payments in Southeast Asia, not just for real estate but for everything,” Ray Edison Refundo, Qwikwire founder and chief executive officer, told reporters.

Mr. Refundo said his company plans to eventually become a payment gateway for transactions like tuition, hospital and bills payments. But for now, the plan is to entrench itself in the Philippines as a real estate payment platform and expand globally as AQWIRE gathers steam.

Read more here.

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