Buildings with Bitcoin
The UK property is moving into cryptocurrencies. Last year, co-living outfit allowed prospective tenants to pay deposits in Bitcoin, and later began accepting rental payments in the cryptocurrency. Developer Go Homes then completed the sale of two UK homes using Bitcoin, with one of them snapped up by a Bitcoin miner.
Now, UK-based online student agency StudentTenant is considering integrating cryptocurrencies into its service, giving tenants the option of paying rent with crypto.
“The idea of cryptocurrencies is still very much in its infancy, and the market will need to develop more before they become a mainstream payment method,” says Danielle Cullen, md at StudentTenant. “But, that’s not to say such methods are too far away given the hype surrounding it.”
Is there a caveat?
“We want to give our customers the widest choice when making payments, and depending on the ongoing stability, we are keen on looking into accepting cryptocurrencies on our platform,” Cullen adds.