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Topic: Tenants to pay rent with bitcoin - page 5. (Read 839 times)

full member
Activity: 564
Merit: 100
April 09, 2021, 09:48:51 AM
#25
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.
I think Bitcoin is still uncommon so many people can accept payment by Bitcoin. House tenivers are difficult to accept payment by Bitcoin. There is no government that provides specific regulations on using Bitcoin as well as the risk you suffer.
mk4
legendary
Activity: 2870
Merit: 3873
Paldo.io 🤖
April 09, 2021, 02:17:15 AM
#24
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?

BTCPayServer is a completely open-source software that will be self-hosted on the user's side, so scaling will completely dependent on the company's side rather than BTCPayServer's. Not to mention that they can freely alter the software for their own advantages.

https://docs.btcpayserver.org/
sr. member
Activity: 1120
Merit: 272
First 100% Liquid Stablecoin Backed by Gold
April 09, 2021, 01:42:15 AM
#23
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.

It is a good form of adoption when companies tends to accept bitcoin as a payment in rents or other business.

We need to adopt in the situation where cryptocurrencies are invading the market and the transaction processes.

Accepting bitcoin as a payment will help other companies to also adopt and develop their business to also receive cryptocurrencies as a payment tool.
legendary
Activity: 1372
Merit: 2017
April 09, 2021, 01:36:41 AM
#22
While this is good news, I believe that for Bitcoin to go mainstream as a medium of exchange, if it ever happens, there is still a long way to go. At the moment it seems to be succeeding as the best store of value in the world, which will be confirmed when it surpasses the market cap of gold, and there is still time for that. But the next two phases, which would be to become a medium of exchange and a unit of account, we will not see for many years if they happen.

legendary
Activity: 1456
Merit: 1108
Top-tier crypto casino and sportsbook
April 09, 2021, 01:22:05 AM
#21
This is really a smart move by real estate owners who have been looking to own and acquire some bitcoin for themselves without using their own cash. This is particularly beneficial reason being that in a short while from when payment has been made in bitcoin, the real estate owners have a chance of making enough profits from a few payments in bitcoin, even enough to start building another property if bitcoin price goes up while holding.
member
Activity: 1120
Merit: 30
Bisq Market Day - March 20th 2023
April 09, 2021, 01:18:01 AM
#20
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.
sr. member
Activity: 1610
Merit: 264
April 09, 2021, 01:10:51 AM
#19
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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.
sr. member
Activity: 1624
Merit: 315
Leading Crypto Sports Betting & Casino Platform
April 09, 2021, 12:49:44 AM
#18
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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?
hero member
Activity: 3150
Merit: 937
April 09, 2021, 12:35:57 AM
#17
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. Grin
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.
mk4
legendary
Activity: 2870
Merit: 3873
Paldo.io 🤖
April 09, 2021, 12:27:15 AM
#16
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.
hero member
Activity: 2800
Merit: 595
https://www.betcoin.ag
April 08, 2021, 11:25:39 PM
#15
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.
full member
Activity: 1274
Merit: 115
★Bitvest.io★ Play Plinko or Invest!
April 08, 2021, 10:57:48 PM
#14
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 .
legendary
Activity: 2408
Merit: 4282
eXch.cx - Automatic crypto Swap Exchange.
April 08, 2021, 10:28:39 PM
#13
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.
hero member
Activity: 1442
Merit: 775
April 08, 2021, 10:20:42 PM
#12
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’
full member
Activity: 588
Merit: 111
I love the Cryptocurrency world
April 08, 2021, 10:18:27 PM
#11
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.
member
Activity: 1218
Merit: 49
Binance #Smart World Global Token
April 08, 2021, 10:15:42 PM
#10

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.
sr. member
Activity: 1624
Merit: 315
Leading Crypto Sports Betting & Casino Platform
April 08, 2021, 10:14:28 PM
#9
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.
mk4
legendary
Activity: 2870
Merit: 3873
Paldo.io 🤖
April 08, 2021, 10:05:05 PM
#8
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.
copper member
Activity: 2800
Merit: 1179
Leading Crypto Sports Betting & Casino Platform
April 08, 2021, 09:19:33 PM
#7
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.
legendary
Activity: 2534
Merit: 1338
April 08, 2021, 09:10:30 PM
#6
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.
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