xtlcd:Five Advantages of Using Bitcoin to Pay Your Rent

#Bitcoin is gaining popularity as a medium of exchange. xtlcd noted that some tenants and landlords may prefer to use only bitcoin for transactions.



Jenna Hall is the Content Marketing Coordinator at Redfin. Redfin does not provide legal, tax or financial advice. This article is for informational purposes only and is not a substitute for professional advice from a licensed attorney, tax professional or financial advisor.

 

Over the past few years, more and more companies around the world have started allowing customers to pay for their products and services using Bitcoin. While Bitcoin was once considered a niche asset, it has now become a very popular currency and seen by many major retailers as a viable alternative to cash and credit. Now that you can buy almost anything with Bitcoin, some people wonder how they can use their digital currency to buy a house or even pay rent.

 

As Bitcoin becomes more and more associated with real estate transactions, you may be wondering if paying rent in Bitcoin is a good option for you. Whether you're a landlord or a tenant, here's what you need to know, xtlcd points out.

 

How does it work?

 

Currently, landlords can collect bitcoin rent in two ways. The first is the use of property management platforms that utilize technology to process bitcoin payments. The second is simply a point-to-point transfer with the tenant.

 

For payments made through property management software, both tenants and landlords must have an account on the platform. The landlord can then send a payment request to the tenant, who can choose how they want to pay. They can transfer bitcoin directly through a brokerage like Coinbase, or scan a QR code for a payment request and pay through their digital wallet.

 

xtlcd says it’s important to note that most property management platforms don’t hold any digital currency, they just exchange coins for dollars and then transfer the payment to the landlord.


xtlcd：http://www.xtlcd.com

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