Washington-based real estate company Harbor Custom Development, Inc. has reportedly decided to include electronic currencies among the payment options available to its customers. For the purchase of houses, apartments, condominiums and other properties from January 24, the company’s customers will be able to pay with Bitcoin (BTC), Ethereum (ETH), Dogecoin (DOGE) and Shiba Inu (SHIB).
Harbor will help drive cryptocurrency adoption
The real estate sector is now conquered by cryptocurrencies. According to a recent article, Harbor Custom Development, Inc. is considering adopting them as a means of settlement. “Accepting digital currencies for our real estate offerings is a logical step for Harbor and demonstrates our flexible business model that separates us from our industry peers,” wrote Jeff Habersetzer, the company’s chief operating officer.
Harbor Custom Development is a company whose activity is to sell properties in several cities of the United States: Washington, Sacramento in California, Punta Gorda in Florida, Austin in Texas, etc. The option of cryptocurrency payment will be available to all residents of the states mentioned.
For Sterling Griffin, the company’s chairman and CEO, the company will soon open its doors to an industry whose purchasing power is well over the $1 trillion mark. He also added that this initiative “places Habor in a leading position in cryptocurrency adoption.”
Other real estate businesses that accept cryptocurrencies
Habor is not the first company to adopt cryptocurrencies in the field of real estate. In April 2021, Caruso, one of the largest real estate companies in the United States, had allowed its tenants to pay their rent in BTC. She had also invested an undisclosed amount in BTC as part of her cash management strategy.
Another company had also integrated cryptocurrencies into the payment options it offers to its customers. This is the company Arte Surfside. It offers luxury properties in Miami Beach and has sold one by the sea for the astronomical sum of 22.5 million dollars. The transaction had been fully paid in cryptocurrency. However, the name of the electronic money used had not been disclosed.
Most recently, in September, Magnum Real Estate Group revealed that it would accept bitcoin (BTC) as payment for the sale of a shopping center in Manhattan.
Cryptocurrencies are becoming important resources for businesses. Specialized in the field of real estate, many of them offer their customers the possibility of making their payments using electronic money. The emancipation of cryptocurrencies is underway!
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Luc Jose Adjinacou
Far from having dampened my enthusiasm, an unsuccessful investment in 2017 on a few cryptos only increased my enthusiasm. I therefore resolved to study and understand the blockchain and its many uses and to relay with my pen information relating to this ecosystem.