A Washington, DC-based development business, Harbor Custom Development Inc., will begin accepting digital currencies as payment for its apartments and other real estate starting from January 24.
Harbor Custom Development will take payment in a variety of different assets. Bitcoin (BTC), ether (ETH), dogecoin (DOGE), and Shiba Inu are among them.
In response to the current news, Jeff Habersetzer, the company’s Chief Financial Officer, made the following remarks:
This move shows Harbor’s ability to adapt to changing market conditions, which sets us apart from the rest of the industry.
Harbor Custom Development specialises in selling residential real estate in California, Florida, and Texas. As a result, residents of all of these locations will be able to make cryptocurrency payments.
Sterling Griffin, the company’s president and CEO, says:
By facilitating payments using digital assets, the business will access the industry with more than $1 trillion combined buying power. Additionally, this initiative establishes Harbor as the first entrepreneur in the area of adoption.
Who else is competing?
Earlier this year, Caruso, one of the country’s foremost real estate development companies, permitted its renters to pay their rent in bitcoin. Additionally, the corporation has invested directly in Bitcoin (BTC).
Arte Surfside, a luxury condominium project on Miami Beach, sold a condo for $22.5 million a few months later. As a result, this was the most costly residence purchase ever made using digital assets.
Finally, Magnum Real Estate Group, a New York-based property management company, said in September that it would accept bitcoin as payment for a Manhattan shopping centre sale.
Disclaimer: The information provided in this article is for informational purposes only and should not be construed as financial or investment advice. Cryptocurrency investments are subject to market risks, and individuals should seek professional advice before making any investment decisions.