Tenants to pay rent with bitcoin

[Caross]

In recent times so many exciting events/news have been happening with bitcoin,  we have seen how bitcoin have gain institutional adoption with Tesla taking the lead and the installation of bitcoin ATMs for easy access to the digital global currency BTC.
The latest is a real estate firm optioning for tenants to pay rent using bitcoin.
https://www.cnbc.com/2021/04/07/rick-carusos-company-to-begin-accepting-rent-payments-in-bitcoin.html?utm_term=Autofeed&utm_medium=Social&utm_content=Crypto&utm_source=Facebook#Echobox=1617831770
This indeed are great indications of bitcoin mainstream adoption/usage.

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[Twinkledoe]

We need more institutional companies adding crypto as their payment method. This will encourage ordinary people to take a look what's in store for them when they deal with crypto particularly bitcoin. This will drive also mass adoption among previously noncrypto users. These companies believe about the bright future of crypto, the reason why they are open to the idea of accepting bitcoin payments.

[Kemarit]

I think this is not the first time though, there are a lot of houses for sale that is payable in Bitcoin already. But this is not the norm yet, but we will see, if individuals or real state companies will really adopt Bitcoin as payment scheme, maybe 3-5 years from now it could be one the best options for us and yeah we could be closer to mass adoption.

[1] https://bithome.ch/
[2] https://bitcoin-realestate.com/

[maxreish]

A lot of institutions already joined the cryptocyrrency payment method. One of those are the real estate companies. If the real estate owner and the tenant agreed to pay the rent with bitcoin or other crypto coin method, the more people adopt this kind of payment and more people tend to be conscious about how great this technology be used as convenient and in a way it can be a cashless transaction.

We will see a lot of upcoming adoption like these few years from now.  And as Rick Caruso is a bitcoin investor and is open for crypto payments, it will attract more tenants who are also bitcoin enthusiasts to rent into his real estate property

[Darker45]

I'm personally more excited to hear news such as this compared to news that this and that wealthy company is buying millions worth of Bitcoin, although the latter may influence the price more. They're both good news, of course, but I guess the former makes the argument for Bitcoin more as a currency or a payment alternative, which is what Bitcoin was originally envisioned, than an asset, store of value, or pure investment.

[Silberman]

In recent times so many exciting events/news have been happening with bitcoin,  we have seen how bitcoin have gain institutional adoption with Tesla taking the lead and the installation of bitcoin ATMs for easy access to the digital global currency BTC.
The latest is a real estate firm optioning for tenants to pay rent using bitcoin.
https://www.cnbc.com/2021/04/07/rick-carusos-company-to-begin-accepting-rent-payments-in-bitcoin.html?utm_term=Autofeed&utm_medium=Social&utm_content=Crypto&utm_source=Facebook#Echobox=1617831770
This indeed are great indications of bitcoin mainstream adoption/usage.

Slowly but surely adoption is making its way, this is not as an important announcement as we had with Tesla but it is one additional small step in the right direction, and at the end that is exactly what we need, if huge corporations adopt bitcoin that is great news but we also need that small business begin to do it, that way we will have a lot of options to use our bitcoin and big corporations will not accumulate as much bitcoin as they can do now, because if corporations are the only ones accepting bitcoin then I am not so sure those coins will ever hit the market.

[Coin_trader]

I'd rather use fiat than Bitcoin to pay my rent due to the insane amount of transaction fee. Its almost no fee if you pay rent via online bank transaction or in cash compared to Bitcoin. Maybe if Bitcoin blockchain solve scalability issue then it will be good on using for payment to our bills and etc but for now, Bitcoin is good for investment only as an asset. Just my opinion.

[mk4]

I'd rather use fiat than Bitcoin to pay my rent due to the insane amount of transaction fee. Its almost no fee if you pay rent via online bank transaction or in cash compared to Bitcoin. Maybe if Bitcoin blockchain solve scalability issue then it will be good on using for payment to our bills and etc but for now, Bitcoin is good for investment only as an asset. Just my opinion.

1. It's a rental payment, not a coffee payment.
2. Some people are like 90%+ bitcoin.
3. Payments are going to be monthly/bimonthly/quarterly/yearly anyway. It's not like they need to make a transaction daily.
4. Since it's not like the tenants can run away with the apartments anyway(lol), the landlord would probably be fine with non-instant transactions.

[Lorence.xD]

We need more institutional companies adding crypto as their payment method. This will encourage ordinary people to take a look what's in store for them when they deal with crypto particularly bitcoin. This will drive also mass adoption among previously noncrypto users. These companies believe about the bright future of crypto, the reason why they are open to the idea of accepting bitcoin payments.

The only problem is that they are going increase their expenses and most companies don't necessarily go in without seeing the benefits of integrating a payment system in their business model.

[DapanasFruit]

The only way to make Bitcoin really function as a currency is when many merchants are accepting it as the best option to pay for products and services as well as a critical number of people using their Bitcoin to pay for them. I think the main thing that can be holding people from doing this is the high speculation surrounding Bitcoin. At any rate, aside from a good advertising exposure, accepting Bitcoin for rental can already be a giant forward for the adoption of this cryptocurrency. I am hoping the landlord would be giving a good discount if the renters are gonna choose Bitcoin.

[jonval21]

In recent times so many exciting events/news have been happening with bitcoin,  we have seen how bitcoin have gain institutional adoption with Tesla taking the lead and the installation of bitcoin ATMs for easy access to the digital global currency BTC.
The latest is a real estate firm optioning for tenants to pay rent using bitcoin.
https://www.cnbc.com/2021/04/07/rick-carusos-company-to-begin-accepting-rent-payments-in-bitcoin.html?utm_term=Autofeed&utm_medium=Social&utm_content=Crypto&utm_source=Facebook#Echobox=1617831770
This indeed are great indications of bitcoin mainstream adoption/usage.

The adoption is imminent, the fact that they accept rental payments in Bitcoin is a great business, especially when it begins that they request advances for any reason, in the country where I live in a rental they ask for 2 or 3 months of deposit plus another month for expenses various and others, actually the real estate business is quite lucrative in that regard, I don't know how it is in other northern countries, or in Europe, but the rents in Latin America are quite high, representing a great business. The fact of using bitcoin is a guarantee that money will never suffer inflation, especially for the most unstable economies, this is a sign of adoption that should be implemented worldwide.

[SquirrelJulietGarden]

I think this is not the first time though, there are a lot of houses for sale that is payable in Bitcoin already. But this is not the norm yet, but we will see, if individuals or real state companies will really adopt Bitcoin as payment scheme, maybe 3-5 years from now it could be one the best options for us and yeah we could be closer to mass adoption.

[1] https://bithome.ch/
[2] https://bitcoin-realestate.com/

Real estates are one of assets that can be bought with bitcoin as a payment method. The adoption for bitcoin as a payment method is increasing. Tesla is a latest big-tech company that accept Bitcoin as a method of payment for their Tesla products.

The early adoption from real estate companies began in 2017 in Middle-East nations. It happened first time in October 2017 in Dubai. Real estate project in Dubai to be the ‘first major development where you can purchase in bitcoin’

[CryptopreneurBrainboss]

We need more institutional companies adding crypto as their payment method. This will encourage ordinary people to take a look what's in store for them when they deal with crypto particularly bitcoin. This will drive also mass adoption among previously noncrypto users. These companies believe about the bright future of crypto, the reason why they are open to the idea of accepting bitcoin payments.

True but will it be more beneficial to them or cost them due to the high volatility of the market, with in minutes they can either be at advantage as a result of an increase in the price of bitcoin or be at disadvantages due to a decline in the price. And don't forget this loses would be in millions and not few dollars like the average investor experiences. So before we pressure more institution to accepting bitcoin, we have to consider the risk involved.

On another note, let not relate the inflow of Institutional investors to the adoption of the currency, majority are only here just for the money involved. They're only here just to profit from this trending trend and has nothing to offer. The company instead in offering their service yo encourage the adoption of bitcoin are already doing so, the rest are just greedy attention seekers.

[acener]

Now we could use Bitcoin just like a real currency but the question remains who would use BTC to pay when you could pay at a lower price when using Fiat?
We all know that BTC have a transaction fee and it would cost us more if we use it now since the transaction fee is high for others like me.
It is great that we could use crypto to pay for it but not that great and convenient for us to use we are looking for a cheaper way to pay to save money to bring more food,
But the way it is right now I don't think that most of us would really use it as a currency .

[cabron]

This is one way of owning bitcoin without having to spend money from your own pocket.

Rick Caruso joined the movement, he should also convince more people to get into BTC. There should be more institutions coming for this is a movement against the FED now that is trying to steal from the people's account and make this movement bigger.

[mk4]

The only problem is that they are going increase their expenses and most companies don't necessarily go in without seeing the benefits of integrating a payment system in their business model.

They can freely use BTCPayServer(zero fees) if additional expenses from fees are what's actually stopping them. Also, while demand is definitely minimal, having bitcoin payments ready in advance before the sort of "true" mas adoption comes(and before their competitors accept BTC) will give them a good advantage.

[davis196]

Those tenants must be really stupid to pay their rent using Bitcoin.What if the Bitcoin price hits the moon after they pay?Instant regret.
It's way better to use fiat money for any type of payments and keep/hoard more BTC.
Bitcoin will be adopted everywhere,when the Bitcoin price becomes more stable.This might never happen,but having more institutional investors in the market should stabilize the price a little bit.

[Lorence.xD]

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They can freely use BTCPayServer(zero fees) if additional expenses from fees are what's actually stopping them. Also, while demand is definitely minimal, having bitcoin payments ready in advance before the sort of "true" mas adoption comes(and before their competitors accept BTC) will give them a good advantage.

You're right, I forgot about that one,the first to adopt will be the prosperous ones because they have the variety that the competitors don't have, but my another question is will they BTCPayServer can handle a scaling in the business though?

[isaac_clarke22]

~

It is still going slow, and going back and forth actually.
I recall Microsoft and Steam accepting Bitcoin payments back in the days but they later withdraw that method because of the obvious reasons of being unstable in price.
Institutional companies adopting Bitcoin would be the best way to increase awareness to a lot of bank-oriented people, but still I would desire if physical merchants like convenience stores would consider payment of it as well.

[proTECH77]

Many people are now using bitcoin to pay their rent because is well secure and reliable in the areas of transaction. In my country many people are used to bitcoin payment over some years which is really helping them to grow their business faster than fiat money.
Many countries are now adopting bitcoin because of the results they are getting from other countries, that made bitcoin legalized in their country.