As a leader in cryptocurrency adoption, Elon Musk may be taking the next step and starting to pay rent in Bitcoin (BTC).
Although Technocking itself did not make any announcements, there was news on Wednesday of a partnership between Los Angeles-based real estate company Caruso Properties and cryptocurrency exchange Gemini, founded by the Winklevoss twins.
Following the partnership, Caruso will accept Bitcoin leases across a number of commercial and residential properties. According to L.A. Times reports, the company’s deal with Gemini also allowed Caruso to convert about 1% of its treasury into bitcoin.
Caruso owns the American Tesla property at the Brand Center in Glendale, California. Tesla Musk has so far established itself as a leading figure in the cryptocurrency field – at least among these eccentric billionaires.
With the $ 1.5 billion acquisition and subsequent adoption of BTC as payment for its Tesla electric cars, can Musk be expected to pay rent in digital currency?
Owner Rick Caruso said that there has been no hurry to pay rent in bitcoin so far, but pointed out that the investment that the company has made has already proven to be profitable.
“I think this is a good barrier, and it has already proved to be a good investment for us,” said Caruso.
Caruso seems to be planning for the future by opening its assets to potential bitcoin buyers. Compare the status of Bitcoin adoption with the status of credit card use 50 years ago – a strange and often unreliable technology that has now become common in modern society.
“I think Bitcoin and blockchain will do the same thing in the future. We want to be at the forefront, ”added Caruso.
Gemini CEO and co-founder Tyler Winklevoss said his company is “happy” to see the use of cryptocurrency expand into the real estate market, adding that the move will benefit both Caruso and his customers.
“We are excited to partner with Caruso as they continue to take the real estate sector to the next level by introducing cryptocurrencies to improve customer service and business operations,” said Winklevoss.