Thursday March 04, 2021
Bitcoin (BTC) $48,289.00   Ether (ETH) $1,533.36
  • Events
  • News
    • Blockchain Technology
    • Capital Raising
    • Crypto Exchanges
    • Crypto Payments
    • Gaming & Betting
    • Networks & Protocols
    • Security
    • Vendor Technology
    • Wallets
NEWSLETTER SIGNUP
EXCHANGE 300+ COINS
CryptoNinjas
  • Crypto & Blockchain Links
  • Real-Time Market Data
  • Bitcoin ATM Map
  • Token Offerings/Listings
No Result
View All Result
CryptoNinjas
No Result
View All Result
Home Vendor Technology

Blockchain real estate platform Meridio integrates DAI stablecoin

Published by CryptoNinjas.net
02/14/2019
Blockchain real estate platform Meridio integrates DAI stablecoin

Meridio, a blockchain based platform for investing in and trading fractional shares of real estate, announced that they have integrated Maker’s DAI stablecoin.

Now, investors on Meridio can seamlessly trade real estate shares for Dai, which allows a near-perfect approximation to the US Dollar while still gaining the benefits and efficiencies of smart contracts.

A stablecoin allows for the benefits of smart contracts, including trustless trades and nearly instant settlement time, without the volatility of cryptocurrencies.

How Meridio uses Dai

Peer-to-peer trades of real estate tokens – In the Meridio platform, each real estate property, fund, or REIT is represented by an Asset Token, which is an ERC-20 compatible smart contract with a customizable on-chain compliance layer. Traditionally, purchases of any ERC-20 token on-chain would require the buyer to make the purchase with Ether. Now, however, users can purchase or trade these Asset Tokens in the application directly with Dai in a trustless swap between the Asset Token and Dai. This means that the transaction can occur without the need for an escrow service and without being subject to any price volatility.

Conversion of ETH to DAI – To provide seamless in-app support for investors that already hold Ether, Meridio integrated Airswap’s widget in user wallets and profile pages so they can quickly convert any Ether they hold in Metamask into Dai. Thus, if a user chooses to hold ETH, they can simply convert their holdings to Dai in order to prepare for trade with no counterparty risk, without leaving the platform, and without giving up custody.

Balances – On the wallet page, Meridio provides each user with the Dai and ETH balance of their linked wallet so they can quickly see their current position and make any currency conversions accordingly. Additionally, on the portfolio page, it shows users their Dai balance as “Cash Available” in USD to help drive the association between holding Dai and traditional fiat currency. The goal is to abstract the blockchain experience from the user so they can feel comfortable trading real estate shares online, and Dai helps bridge that gap.

FacebookTwitterLinkedinRedditE-MailTelegram

Related News

Pundi X and MakerDAO offer LATAM merchants free XPOS crypto payment device
Crypto Payments

Pundi X and MakerDAO offer LATAM merchants free XPOS crypto payment device

02/17/2020
dexFreight collaborates with Maker and Centrifuge for tokenized freight invoices
Vendor Technology

dexFreight collaborates with Maker and Centrifuge for tokenized freight invoices

10/15/2019
Relaunched Dai based DEX Oasis Trade now open
Crypto Exchanges

Relaunched Dai based DEX Oasis Trade now open

10/02/2019
Opolis awarded grant from MakerDAO to develop Dai payroll ecosystem
Strategic Integration

Opolis awarded grant from MakerDAO to develop Dai payroll ecosystem

09/19/2019
Onther MakerDAO
Vendor Technology

Onther to accept Dai for services and audits of MakerDAO MCD candidates

08/22/2019
Load More
Leave Comment

Where to Exchange

Bit2MeLeading Spanish Bitcoin ExchangeVisit
BL3P
European Bitcoin ExchangeVisit
ChangellyExchange & Buy 150+ CryptocurrenciesVisit
itBitAmerica's First Regulated Bitcoin ExchangeVisit
  • Trending
  • Latest
DEX aggregator 1inch integrates Bitquery's API-powered crypto trading data

DEX aggregator 1inch integrates Bitquery’s API-powered crypto trading data

03/02/2021
Enjin launching two scaling solutions to remove gas and support NFTs from any blockchain

Enjin launching two scaling solutions to remove gas and support NFTs from any blockchain

03/04/2021
CasinoCoin to migrate to XRP Ledger amidst rebranding

CasinoCoin to migrate to XRP Ledger amidst rebranding

03/01/2021
Canadian bitcoin exchange CoinSmart raises $3.5M to expand into Europe

Canadian bitcoin exchange CoinSmart raises $3.5M to expand into Europe

03/01/2021
SIMBA Chain expands to Avalanche blockchain enabling low-code smart contract deployment

SIMBA Chain expands to Avalanche blockchain enabling low-code smart contract deployment

03/02/2021
Enjin launching two scaling solutions to remove gas and support NFTs from any blockchain

Enjin launching two scaling solutions to remove gas and support NFTs from any blockchain

03/04/2021
Creators of crypto wallet Exodus files with SEC to allow purchase of its stock with bitcoin

Creators of crypto wallet Exodus file with SEC for $75M public offering

03/03/2021
Crypto services firm BCB Group raises $4.5M led by North Island Ventures and Blockchain.com Ventures

Crypto services firm BCB Group raises $4.5M led by North Island Ventures and Blockchain.com Ventures

03/02/2021
DEX aggregator 1inch integrates Bitquery's API-powered crypto trading data

DEX aggregator 1inch integrates Bitquery’s API-powered crypto trading data

03/02/2021
Crypto exchange BiKi cooperates with Hacken on security test

Crypto exchange BiKi cooperates with Hacken on security test

03/02/2021
  • Home
  • Directory
  • Data
  • About
  • Contact
SUBSCRIBE

© 2016 - 2021 CryptoNinjas Disclosures | Privacy Policy

  • Home
  • Crypto Links
  • Market Data
  • Blockchain Tech
  • Exchanges
  • Capital Raising
  • Vendor Technology
  • Token Offerings/Listings
  • Payments
  • Wallets
  • Bitcoin ATM Map
  • Conferences & Events
  • About
  • Contact

© 2016 - 2021 CryptoNinjas Disclosures | Privacy Policy


Go to mobile version