Blockchain real estate platform Meridio integrates DAI stablecoin
CryptoNinjas.net
Meridio, a blockchain based platform for investing in and trading fractional shares of real estate, announced that they have integrated Maker's DAI
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CryptoNinjas
Meridio, a blockchain based platform for investing in and trading fractional shares of real estate, announced that they have integrated Maker’s DAI stablecoin.

Now, investors on Meridio can seamlessly trade real estate shares for Dai, which allows a near-perfect approximation to the US Dollar while still gaining the benefits and efficiencies of smart contracts.

A stablecoin allows for the benefits of smart contracts, including trustless trades and nearly instant settlement time, without the volatility of cryptocurrencies.

How Meridio uses Dai

Peer-to-peer trades of real estate tokens – In the Meridio platform, each real estate property, fund, or REIT is represented by an Asset Token, which is an ERC-20 compatible smart contract with a customizable on-chain compliance layer. Traditionally, purchases of any ERC-20 token on-chain would require the buyer to make the purchase with Ether. Now, however, users can purchase or trade these Asset Tokens in the application directly with Dai in a trustless swap between the Asset Token and Dai. This means that the transaction can occur without the need for an escrow service and without being subject to any price volatility.

Conversion of ETH to DAI – To provide seamless in-app support for investors that already hold Ether, Meridio integrated Airswap’s widget in user wallets and profile pages so they can quickly convert any Ether they hold in Metamask into Dai. Thus, if a user chooses to hold ETH, they can simply convert their holdings to Dai in order to prepare for trade with no counterparty risk, without leaving the platform, and without giving up custody.