RealOpen Founders and CEOs Christian Dumontet and Christine Quinn — also a cast member of Netflix's Selling Sunset — sit down with Yahoo Finance Live to talk about the interplay between the housing and crypto markets and purchasing a home using a cryptocurrency.

Video Transcript

RACHELLE AKUFFO: Buying a house with crypto is now a very real possibility. Here to share how they're making that process easier are Christine Quinn-- she's the co-founder and CMO of RealOpen, as well as a cast member on Netflix's successful "Selling Sunset." And joining her is Christian Dumontet, RealOpen co-founder and CEO. A big welcome to you both. A lot of people are wondering with one eye on what we've been seeing with crypto prices. Walk us through this process and how people who want to either buy or sell their houses can benefit by taking this route on RealOpen.

CHRISTIAN DUMONTET: Absolutely. Nice to meet you, Rachelle.

CHRISTINE QUINN: Nice to meet you, Rachel.

CHRISTIAN DUMONTET: So basically what RealOpen does is we allow crypto holders to purchase any home on or off the MLS by presenting an all cash offer to the sellers. We use our trading capabilities, basically OTC desk trading, to provide more favorable pricing with huge amounts of liquidity.

There are benefits in terms of not having to go to cash upfront by being able to show proof of assets. We have something called, basically, a crypto credit score, where we can assess the asset basket that the buyer holds and identify basically through a rearward-looking VIX type of computation based on the weighted basket that they hold, what their likelihood is of movements in that basket.

DAVE BRIGGS: Christine--

CHRISTINE QUINN: And the great thing is, we don't close out until the buyer is ready, so they're still able to participate in the market. As you know, it goes up and it goes down as well. But when it goes up, like it recently is, you want to be involved in that participation as well.

DAVE BRIGGS: And that's what I was going to ask you about, Christine. I am not by any means a crypto expert. I did sleep at a Holiday Inn Express last night, so I know it's volatile. It's been up and down dramatically in recent weeks, $2 trillion trimmed off the market. So how does that volatility impact what you're doing?