Bitcoin Well announced that it has signed a letter of intent with Greater Property Group to negotiate a definitive Joint Venture agreement to work together helping customers use bitcoin and other cryptocurrencies to buy and sell residential and commercial real estate. Bitcoin Well and GPG envision that the joint venture agreement will include the promotion of each others companies through their respective websites and that real estate transactions involving cryptocurrencies will be conducted through the joint venture. Bitcoin Well will provide cryptocurrency services and licensing, compliance strategy and required Know Your Customer processes.

GPG will provide real estate services, licensing and strategy. Through the joint venture, Bitcoin Well and GPG will each earn revenue from both the bitcoin processing fees and the real estate brokerage fees. The completion of the joint venture agreement is expected in the first quarter of 2022.