Washington-based real estate company Harbor Custom Development, Inc. – is said to start accepting digital currencies for payments for apartments, condominiums and other properties as of January 24.
Cryptocurrencies are growing in the retail real estate industry
According to aRecently, Harbor Custom Development, Inc (NASDAQ ticker: HCDI) will accept digital currencies as a payment method. Some of the assets include Bitcoin (BTC), Ethereum (ETH), Dogecoin (DOGE) and Shiba Inu (SHIB).
Commenting on this issue is Jeff Habersetzer – CEO of the company:
Accepting digital currencies for our real estate services is a logical step for Harbor and demonstrates our flexible business model that sets us apart from our competitors in the industry. branch.
Harbor Custom Development sells properties in Washington; Sacramento, California; Punta Gorda, Florida; and Austin, Texas. The crypto option will be available to residents of all the aforementioned states.
Not the first to use cryptocurrency in this field
In April last year, one of the largest real estate companies in the US – Caruso – allowed its tenants to pay their rent in bitcoin. The company also invests an undisclosed amount in BTC as part of its treasury management strategy.
A few months later, Arte Surfside — a building that offers luxury properties in Miami Beach — sold one of its ocean-view condos for a whopping $22.5 million. The deal became the most expensive real estate transaction paid for with digital assets. However, it was not disclosed which cryptocurrency the buyer used.
Then, in September, New York-based real estate management firm Magnum Real Estate Group announced it would accept Bitcoin (BTC) as payment for the sale of a Manhattan shopping mall. . If someone decides to use the largest cryptocurrency as a means of payment, they will break the previous record as the asset is worth $29 million.