Leading real estate developer MegPrime Holding, LLC, said Thursday it will launch a “universal payments” cryptocurrency after receiving approval from the SEC.
Cryptocurrency For Affordable Housing?
The Texas-based homebuilder received a No-Action Letter from the regulator to roll out the cryptocurrency, named MegPrime Token (MP Token).
The token aims to convert routine spending into tangible value and “long-term financial progress.” Users making rent or mortgage payments through MP Token on the MegPrime app could reap up to 20% back in the same token, MegPrime said in a press release.
Furthermore, renters who use MP Token for payments could be eligible to receive 100% of their previous …Full story available on Benzinga.com
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