For the first time in Korea, HomeSay will introduce a monthly rent and management fee payment system..

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For the first time in Korea, HomeSay will introduce a monthly rent and management fee payment system using stable coins and digital assets “Promptail.” It is drawing attention from the industry by announcing the start of real estate fintech services that go beyond the limits of existing credit card payments.

HomeSay announced on the 26th that it will combine blockchain-based digital assets with existing monthly rent and management fee card payment services. Beyond simple payment, it introduced a new concept of ‘assetization of payment’.

Through such a service, HomeSay will further cut its fees from the industry’s lowest level of 2.9 to 3.6%. The speed of settlement, which used to take three to five days, will also be shortened to immediate settlement. In particular, real-time KRW payments are possible among overseas residents, and digital asset rewards can be provided when paying.

“If a tenant living abroad, such as international students and expatriates, pays monthly rent with stable coins or prompt-tail coins, it will be immediately converted into KRW through the HomeSay platform,” HomeSay said. “The global cross-border payment service, which is the core, is open to application in various fields such as monthly rent settlement for franchisees and real estate profit dividends.”

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In order to strengthen its expertise in digital assets, Homespei has hired Park Kyung-joon (photo) as its new CEO. Park is a financial expert with abundant experience in blockchain and digital assets, serving as the head of Hong Kong’s independent investment advisory firm Grand Teg’s Korea branch.

“The existing business method cannot keep up with the rapidly changing pace of the digital financial market,” said Park Kyung-joon, CEO of Homespei. “We will grow it into a national platform that substantially relieves the financial burden on small business owners and young people through an innovative payment system using digital assets.”

The industry is paying attention to the ripple effect of HomeSay’s digital asset-based payment service on the entire real estate fintech ecosystem. This is because there is an open possibility of expansion into various fields such as monthly rent settlement for franchisees, real estate investment dividends, and overseas real estate investment settlement.

“In addition to reducing the rent burden on small business owners, young people will also ease their housing costs by saving monthly rent payment fees,” Homespei said. “In particular, we will lead market innovation by presenting a real estate-fintech-blockchain convergence model along with global expansion by linking real estate services to overseas Koreans.”