Paris Hilton's Father to Auction $38 Million Roman Mansion Through Cryptocurrency

Paris Hilton's father, Rick Hilton, chairman of Hilton and Hyland and the family namesake of the Hilton Hotels is selling a $38 million Roman mansion through a cryptocurrency auction.

Valued around $38 million, the property will be auctioned on June 28th, 2018.

Rick Hilton will sell the estate through Propy, an international real estate store that facilitates property sales across borders.

Propy currently operates in global real-estate hotspots such as San Francisco, London, Beijing, and Dubai.

Through smart contracts compliant with respective regional regulations, Propy allows brokers, buyers, sellers, and title agents to sidestep traditional problems with the cross-border real estate market such as language barriers, cultural complexities, and cross-border payments.

Propy's use of the blockchain ledger also makes title deeds issuance instantly online, secure and cost-effective.

According to Propy CEO and founder Natalia Karayaneva, these changes lead to a more liquid market and a better experience for both buyer and seller; it also acts as a major disruptor in the giant industry.

In addition to his partnership with Propy for the upcoming auction, Rick Hilton also serves as a senior advisor for AQUA Intelligence.

Rick Hilton's relationship with the two companies clearly demonstrates optimism for cryptocurrencies.

His daughter, reality TV star and famous socialite, Paris Hilton, also briefly endorsed LydianCoin.