Nasdaq-Listed Real Estate Company to Embrace Bitcoin, Ethereum, Dogecoin, and Shiba Inu Payments

Washington-based actual property agency – Harbor Custom Development, Inc. – will reportedly begin accepting digital currencies as cost for its residential houses, residences, condominiums, and different properties as of January twenty fourth.

Crypto Making its Way within the Retail Estate Industry

According to a current protection, Harbor Custom Development, Inc. (Nasdaq ticker: HCDI) will embrace quite a few digital property as a way of settlement. Some of the property embrace Bitcoin (BTC), Ethereum (ETH), Dogecoin (DOGE), and the self-proclaimed DOGE-killer Shiba Inu (SHIB).

Commenting on the matter was Jeff Habersetzer – Chief Operating Officer on the firm:

“Acceptance of 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.”

Harbor Custom Development sells properties in Washington; Sacramento, California; Punta Gorda, Florida; and Austin, Texas. The cryptocurrency choice will likely be accessible for residents of all aforementioned states.

According to Sterling Griffin – President and CEO of the agency – the corporate will open its doorways to an business with a buying energy exceeding $1 trillion by enabling digital asset funds. The initiative additionally “places Harbor in a first-mover position of adoption,” he added.

Not The First to Embrace Crypto in The Field

In April final yr, one of many largest property firms within the US – Caruso – enabled its tenants to pay hire with bitcoin, ought to they select to take action. The firm additionally invested an undisclosed quantity in BTC as a part of its treasury administration technique.

Just a few months later, Arte Surfside – a constructing providing deluxe properties in Miami Beach – bought one among its oceanfront condominiums for a whopping $22.5 million. The deal grew to become the most costly residential transaction paid with digital property. However, it was not disclosed what sort of cryptocurrency the customer used.

Subsequently, in September, the New York-based property administration firm – Magnum Real Estate Group – introduced it’ll settle for Bitcoin (BTC) as a cost technique for the sale of a shopping mall in Manhattan. If somebody decides to make use of the first cryptocurrency as a way of cost, they are going to break the earlier document as this property is price $29 million.