Thursday, April 8, 2021

Can You Pay Your Rent With Bitcoin? Yes, For Caruso Tenants

Los Angeles-based real estate developer Caruso says that it is now allowing its tenants to pay rent--both residential and retail properties--in Bitcoin, in a partnership with a company run by Cameron and Tyler Winklevoss. According to Caruso--whose develops include The Grove and The Americana at Brand--it will allow its tenants to pay rent in Bitcoin, subject to applicable laws. The partnership with Gemini Trust Company--the cryptocurrency company run by the Winklevoss brothers--will also include a "long-term relationship" which will bring cryptocurrency, non-fungible tokens (NFTs), and blockchain applications to Caruso properties, according to the two. Gemini is a cryptocurrency exchange, which lets customers buy, sell, and store a wide range of cryptocurrency, including Bitcoin, Bitcoin Cash, ether, litecoin, and others.

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