Tech Talk: Bitcoin and real estate making money together

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The use of cryptocurrencies, especially bitcoin, for real estate is a relatively new but growing phenomenon currently focused on luxury homes and condos. (MONTCO.Today file photo.)

As Bitcoin gains wider acceptance as a way to pay the bills,  landlords are asking themselves if they should accept it to cover a tenants’ monthly rent.

For example, Miami-based Housing Trust Group, the largest affordable housing developer in Florida, is considering accepting bitcoin and other virtual currencies for rent payments, writes Jared Schenke at biznow.com.

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The use of cryptocurrencies, especially bitcoin, for real estate is a relatively new but growing phenomenon, and mainly focused on luxury residential real estate and condominiums across the globe. There is even a website that lists properties — such as a luxury penthouse in Panama — for sale that can be purchased with cryptocurrency.

To read the full story, click here.

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