Nasdaq-listed real-estate firm Harbor Custom Development will start accepting payments in digital assets such as Bitcoin, Ethereum, Dogecoin, Shiba Inu, and others.
Harbor Custom Development, Inc., a Washington-based real estate firm, will reportedly endorse crypto as payment for its residential homes, apartments, condominiums, and other properties as of January 24th.
According to a news report, Harbor Custom Development, Inc. will support numerous digital assets as a means of settlement. Some of the assets include Bitcoin (BTC), Ethereum (ETH), Dogecoin (DOGE) and Shiba Inu (SHIB).
Jeff Habersetzer, Chief Operating Officer of Harbor Custom Development, commented:
“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 option will be available for residents of all aforementioned states.
Sterling Griffin, the President and CEO of the firm, said that the move to enable digital asset payment, will open doors to an industry with a purchasing power exceeding $1 trillion. The initiative also “places Harbor in a first-mover position of adoption,” he added.
Real Estate and Crypto
In April last year, Caruso, one of the largest estate companies in the US, enabled its tenants to pay rent with bitcoin, should they choose to do so. The company also invested an undisclosed amount in BTC as part of its treasury.
In July, Arte Surfside, a building offering deluxe properties in Miami Beach, sold one of its oceanfront condominiums for a whopping $22.5 million. The deal became the most expensive residential transaction paid in digital assets. However, it was not disclosed what type of cryptocurrency the buyer used.
In the same month an exclusive real estate in Beverly Hills was listed for $65 million, with the seller happy to accept Bitcoin as payment. If someone decides to buy the property with BTC, they would nearly triple the previous record.
