Nasdaq-Listed Real Estate Company to Accept Bitcoin, Ethereum and Dogecoin Payments

dWeb.News Article from Daniel Webster dWeb.News

Washington-based real estate firm – Harbor Custom Development, Inc. – will reportedly start accepting digital currencies as payment for its residential homes, apartments, condominiums, and other properties as of January 24th.

Crypto Makes its Way in the Retail Real Estate Industry

According to a recent coverage, Harbor Custom Development, Inc. (Nasdaq ticker: HCDI) will embrace numerous digital assets as a means of settlement. These assets include Bitcoin (BTC), Ethereum(ETH), Dogecoin, DOGE (DOGE), Shiba Inu (SHIB), and Ethereum (ETH).

Commenting was Jeff Habersetzer, Chief Operating Officer of the company:

“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 offers properties for sale in Washington, California, Punta Gorda (Florida), and Austin, Texas. Residents of all the aforementioned states will have access to the cryptocurrency option.

According to Sterling Griffin, President and CEO of this company, the company will be able to open its doors to an industry that has a purchasing power greater than $1 trillion by enabling digital assets payments. He said that Harbor is now in a “first-mover position for adoption”.

Not The first to embrace crypto in the field

In April last year, one of the largest estate companies in the US – Caruso – enabled its tenants to pay rent with bitcoin, should they choose to do so. As part of its treasury strategy, the company also invested in Bitcoin.

A few months later, Arte Surfside – a building offering deluxe properties in Miami Beach – sold one of its oceanfront condominiums for a whopping $22.5 million. This was the largest residential transaction ever made with digital assets. It was not known what cryptocurrency the buyer used.

Subsequently, in September, the New York-based property management company – Magnum Real Estate Group – announced it will accept Bitcoin (BTC) as a payment method for the sale of a shopping center in Manhattan. If someone decides to employ the primary cryptocurrency as a means of payment, they will break the previous record as this property is worth $29 million.

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