Provider of block chain cryptocurrency mobile apps and cloud software solutions, Epazz Inc. (OTCMKTS:EPAZ), on October 11 announced that CryObo technology , will venture into real estate business, for securing financing for real estate deals and enabling deals to get access on token markets .
Backed by real estate , the tokens will allow real estate developers to appraise value but future of real estate will be assessed. The goal is to ensure developers access future value of properties after development of land . The technology will also enable real estate firms to raise capital in better manner besides earning income .
Epazz is looking at launching it in early 2022 and the decentralised susyem would be first business backing the tokenized economy. Furthermore , it will also benefit farmers , bringing more customers as well as give incentives for real estate sector. The firm is aiming to launch GSS pool. CEO and chairman of Epazz , shaun passley , said that the company believes in true value of blockchain technology and that it has a transformative effect on old industries . Passley added that the real estate industry needs to transform on how business is carried about and CryObo can bring blockchain technology to the oldest industries
Market Reaction:
On Wednesday, EPAZ stock moved up 7.20% at $0.0210 with more than 11.78 million shares, compared to its average volume of 2.70 million shares. The stock has moved within a range of $0.0209 – 0.0245 after opening the trade at $0.0210.
