From One Coin to One Home

Zipmex Now Allows Real Estate Purchases with Cryptocurrency

Zipmex, a leading digital asset trading platform in Asia, has taken another step towards success by partnering with the major real estate development company, 1.6 Development Corporation Limited, to allow investors to buy and sell real estate using cryptocurrency.

Interested buyers can choose to make payments using BTC, ETH, USDT, and ZMT. This cryptocurrency payment option is part of ZipSpend, one of the latest programs from Zipmex, designed to provide maximum convenience to customers and reinforce its success as a business supporting a cashless society, in line with the global trend of increasing acceptance of cryptocurrency payments.

 

1.6 Development was established in 2017 through the collaboration of fourth-generation real estate developers from two prominent families, Khun Thanyathip Chiaravanont and Khun Chawin Atthakravisunthorn, who invested alongside the global company Magnolia Quality Development Corporation Limited (MQDC) to offer the best mixed-use living experience in a luxury location, targeting urban dwellers seeking luxury and convenience in the heart of Thonglor.

 

“I started the company with Khun Thanya with the aim of setting a new standard in Thailand's real estate industry, such as the ultra-luxury project The Strand Thonglor, which serves as our first example of global development standards combined with lifestyle elements in every aspect, catering to high-end clients who appreciate luxury and functional design. Previously, I managed all aspects of the business in investment banking at JP Morgan, which made me realize the need to embrace digital currency more than ever. I am very excited to partner with Zipmex, as trading through digital currency is just the beginning. We are currently planning to launch NFTs on a new platform, including Real Estate-Backed ICOs, and our future projects will target investors across the Asia-Pacific region,” said Khun Chawin Atthakravisunthorn, Executive Director of 1.6 Development.

 

“At Zipmex, we believe that every day is a new day for new ideas. We are not just a platform in high demand for new users in the digital asset industry, but we also focus on helping people invest and trade wisely with the goal of increasing wealth and helping them achieve their dreams. This partnership announcement will be more than just the ability to buy condos or cars with cryptocurrency; it will enable people to actually acquire those assets, especially with our ZipUp and ZipLock products. In the past, users on our platform have received bonuses daily (with an APY of up to 16%), meaning they can comfortably pay for mortgages to buy their dream homes or cars. As a company that entered the Thai market less than 10 months ago, we have introduced many innovative financial products and services to all our investors,” added Khun Praw Limphongpan, Chief Strategy and Marketing Officer of Zipmex Asia.

 

“We are a real estate development company that emphasizes quality over quantity. We believe that every project we develop should become an asset that appreciates in value, in line with our motto, 'Building Consciously.' We focus on quality from construction, timeless design, selecting investment locations of high quality, and offering a limited number of units. Zipmex is an excellent partner for us, as we both share a similar vision of focusing on high-quality customer service and a passion for using art as a strategic element. Additionally, our customer profiles are similar, which is another important reason we want to partner with Zipmex, as ultimately, what we want is to provide the best service to our customers,” said Khun Thanyathip Chiaravanont, Executive Chairman of 1.6 Development.

 

Dr. Eaklaph Yimvilai, CEO and co-founder of Zipmex Thailand, further stated, “There is no doubt that digital assets have become mainstream more than in the past year. We are very proud to have pushed the innovation of using cryptocurrency this far. For instance, customers can now pay real estate deposits with cryptocurrency, but they cannot yet transfer the final ownership with other currencies. In the future, this may be possible, but it will take some time to wait for clear regulations to ensure ownership transfers without the need for bank documents as in the traditional methods.”

 

Zipmex is a leading platform that integrates cryptocurrency payments into daily lifestyle, proving itself to be more than just a digital currency exchange. The company has seen its assets under management increase by 50 times and revenue by 250 times over the past six months, with transaction values reaching 3.8 billion baht during Songkran. With a strong premium customer base, this progress has led to many wanting to join as partners from across the region. In addition to past successes, Zipmex and 1.6 Development have also begun creating joint activities as partners to give back to society, especially during the COVID-19 crisis, by donating essential items to housing development foundations, such as COVID-19 testing equipment, face masks, hand sanitizers, and cooking ingredients.