A U.S. landlord will now take a different type of currency from its tenants.
Jamestown announced Wednesday that it is partnering with BitPay to accept cryptocurrency as rent payment across its United States portfolio. This program includes Jamestown's DC area properties such as Ballston Exchange, America's Square, One Metro Center and Georgetown Park.
“Blockchain technology and the digital assets it enables, like cryptocurrencies and non-fungible tokens, are key components to the evolution of real estate,” said Michael Phillips, President of Jamestown. “Allowing for cryptocurrency payments is part of our commitment to innovation and larger digital asset strategy to optimize and maximize our physical real estate through technology and virtual integrations.”
Jamestown will accept rent payments in the following currencies: Bitcoin, Bitcoin Cash, Ethereum, Wrapped Bitcoin, Dogecoin, and Litecoin.
Thumbnail photo courtesy of Jamestown.
This article originally published at https://dc.urbanturf.com/articles/blog/bitcoin-to-pay-the-rent-developer-will-start-accepting-cryptocurrency-for-r/19578.
Most Popular... This Week • Last 30 Days • Ever
The large new residential building is just the latest development pitched near the ba... read »
The Washington Nationals great didn't move out of the area, though.... read »
UrbanTurf put together a quick primer on the ins and outs of a home auction.... read »
Foulger Pratt has plans to turn the 12-story office building at 1133 19th Street NW i... read »
As the Capitol Riverfront neighborhood nears its development capacity, a new effort p... read »
UrbanTurf has compiled virtual looks at large new developments around the DC region.... read »
This Week's Find is one of the more interesting homes in DC's Foxhall neighborhood. ... read »
The mall will be reimagined as a 7-story, 325-unit apartment project with 25,000 squa... read »
While DC's rising home prices have been the story for years, there are some areas of ... read »
Brookfield Properties and the Menkiti Group have filed a second-stage planned unit de... read »
With this weekend's DC houseboat tour a day away, UrbanTurf thought it only fitting t... read »
President Obama travels to Denver this morning to sign the stimulus bill that has bee... read »
In this week's installment of Ask An Agent, a reader wonders if there is a rule for h... read »
As The Wharf prepares to begin construction, DC's houseboat community heads to its ne... read »
In this week's installment of Ask An Agent, a reader asks a fairly common question th... read »
DC Real Estate Guides
Short guides to navigating the DC-area real estate market
We've collected all our helpful guides for buying, selling and renting in and around Washington, DC in one place. Visit guides.urbanturf.com or start browsing below!
Intro guides for first-time home buyers
Awesome and unusual real estate from across the DC Metro