I
n a seismic shift for Japan's real estate landscape, Open House is rewriting the rules by accepting DOGE, SOL, and XRP as payment options. This bold move comes amidst a regulatory climate that's slowly but surely warming up to cryptocurrencies.

    As one of Tokyo's most prominent real estate firms, listed on the Tokyo Stock Exchange, Open House is leading the charge in embracing digital currencies. With the addition of these three new players, the company now offers five crypto payment options, complementing its existing support for Bitcoin and Ethereum.

    This development marks a significant milestone in Japan's property sector, where cryptocurrencies are increasingly being recognized as a viable payment option. Emi Yoshikawa, a former Ripple executive, highlighted the importance of this move on X, underscoring the potential for international property purchases to become more accessible through Open House's "Open House Global" portal.

    By facilitating crypto payments and multilingual support, Open House is poised to set a precedent for mainstream transactions in high-value purchases. This could have far-reaching implications, encouraging other businesses in Japan and globally to follow suit and legitimize cryptocurrencies as a payment option for significant transactions.

    Japan's regulatory environment has been undergoing a transformation, with clearer guidelines for crypto businesses and proposed updates to the Payment Services Act. The aim is to enhance investor protection by introducing onshore custody of spot digital assets and stablecoins by exchanges, while also streamlining the process through new categories of intermediaries.

    As more established companies like Open House continue to adopt cryptocurrencies and government policies become increasingly supportive, it's likely that wider adoption and use cases will emerge in Japan's property market and beyond.