Emphy Is To Disrupt The Real Estate Market in Kenya
How Emphy Is Going To Make a Difference in The Real Estate Market of Kenya?
Sometimes, the complexities in the interaction of people and the public system causes the rapid growth of intermediaries. For the services, more intermediaries always mean more expenses and less transparency. In the countries where public sector organized properly and has trust of its citizens, there are fewer opportunities to disclose the potential of blockchain. Nevertheless, in those areas where the level of such trust is lower, and public institutions are struck by corruption, high inflation and political problems, blockchain becomes an effective alternative. Therefore, our team decided to focus on Kenyan region first.
Emphy strives to involve more people in the new economy and create a great opportunity for locals in Kenya to enter the crypto market. Being involved in the crypto market and using Emphy as a tool to rent out spaces creates an opportunity to earn additional income and stay secure without traditional intermediaries being involved.
Owning and utilizing cryptocurrency in general, allows people to send and receive almost instant payments without any intermediaries: most transactions can be executed really fast regardless of the distance between the participants of the transaction. This is also an inexpensive way to send and receive money, compared to the traditional methods, where high service fees are charged, such as swift payments or Western Union, MoneyGram, Ria, etc. Moreover, each transaction is recorded in the public register, which contributes to transparency and a decrease in mistrust between counterparts.
Why Kenya?
We consider Emphy as a great solution for Kenyan local citizens and travel industry in general, as the country has a high percentage of unbanked population, and quite a demand from tourist side.
Furthermore, statistics show that the market is continually growing (143% growth in 2017), for instance the number of guests in vacation rental properties was 39,500 in the past year. Kenyan region has also quite impressive numbers of smartphone penetration, that became a global leader in share of internet traffic coming from mobile (83% in 2017), which means that Emphy has a great opportunity to unlock the full potential of the ecosystem for first adopters in Kenya.
Despite all, our team is interested not only in creating a popular decentralized ecosystem for short-term lodging and contributing to the development of the travel industry in Kenya, but also for the EmphyCoin owners to receive direct economic benefits both at an early stage of contribution and in the future.
How Kenyan Homeowners Can Make a Profit On Emphy?
After registering on Emphy and listing a property (which is of course, free of charge) the offer will be viewed by thousands of tourists around the world. Once the space gets booked, the homeowner will receive their payment ONLY after the successful check-in operation which is made with the help of QR code (Screen 1). After the check-in occurred, the amount of EmphyCoins that were paid for the guest’s booking is automatically transferred to the property owner’s payment account (Screen 2). The property owner’s payment account is created in the system automatically after successful registration on the platform.
More information on the check-in procedure and other perks for Emphy Hosts you can read here.
How To Withdraw The Income That Is Made Via Emphy?
You can withdraw your income or keep it as long as you want on Emphy App. If you decide to withdraw certain amount of EmphyCoin from your account, you would have to create an Ether Wallet here. Once you have your Ether Wallet ready, you can easily transfer your income from Emphy wallet to Ether Wallet and from there, exchange your EPY into Ethereum (ETH). ETH is the second most valuable form of digital money after Bitcoin, which can be exchanged to any other cryptocurrency or fiat money.
It may sound that transferring your income from Emphy platform to Ether Wallet is a long process to go through, however, in reality it would take approximately 5 minutes. When you go through the process once, you’ll surely be able to make it way faster in the future. Besides that, you can always drop us a text in our 24/7 chat, so we can assist you with any questions that may appear.
Check out our official website to know more: Emphy Official Website and feel free to share your thoughts in our Emphy Official Discussion Telegram Chat!
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Published at Thu, 20 Jun 2019 13:25:01 +0000