Propy says it has eliminated in-person notary hurdles to improve the home-buying experience.
Propy says it has directly integrated Proof’s network of notaries into its platform. Buyers and sellers may now transact online, thus evading potential delays.
Propy’s mission is to digitize real estate transactions by streamlining KYC, identity fraud, and document authentication within its
smart contract platform.
Natalia Karayaneva, CEO of Propy, says that buying a home should be seamless, just like buying anything else online.
“By integrating Proof’s notary services, we’re adding the final oracle data point for a self-driving transaction via smart contracts. Proof has been a pioneer and a solid leader in the online notary space innovation”.
Propy highlights the rise in real estate fraud, touting Proof’s service that is said to verify buyers, sellers and agents quickly and securely.
Consumers are more vulnerable than ever when it comes to fraud, says Pat Kinsel, CEO of Proof.
“AI-driven deepfakes are becoming increasingly sophisticated, resulting in billions of dollars in losses. Combining Proof’s identity authorization solutions with Propy’s blockchain-powered platform will significantly reduce fraud risk while ensuring a seamless user experience.”
Propy’s new service follows upgrades like crypto-backed financing solutions and escrow services enabled by Coinbase Prime.
