Washington-based real estate developer, Harbor Custom Development Inc is set to start accepting digital currencies for its properties starting by the end of this month. As reported by Rismedia, amongst the listed cryptocurrencies to be accepted by the company include Bitcoin, Ethereum, USD Coin, XRP, Dogecoin, SHIBA INU, Binance USD, Wrapped Bitcoin, Litecoin, Dai, Bitcoin Cash, Pax Dollar & Gemini Dollar.
The company confirmed the news in a recent news release, noting that it will accept “digital currencies as payment for its listed land, developed lots, residential homes, condominiums, and apartments in the company’s operating markets in Washington, California, Texas, and Florida beginning Jan. 24, 2022.”
Commenting on the development, Harbor Custom Management’s Chief Executive Officer and President, Sterling Griffin noted that the embrace of cryptocurrencies is essential to extend its lead in its niche ecosystem.
“By accepting digital currencies, Harbor not only opens the door to entities with combined market caps exceeding $1 trillion of purchasing power but places Harbor in a first mover position of adoption,” Sterling said, adding that the company’s “clear objective is to drive shareholder value while acting as the thought leader within our industry group.”
Harbor is by no means a small real estate company in the US with some of its forthcoming projects ranging from Tanglewilde, Olympia Apartments: 177 under construction, to Olympic Sunset View Apartment Project, Belfair: 226 units under construction, and Broadmoor Commons, Bremerton: 32 townhome apartments, of which its construction starts this month amongst other projects underway.
Harbor Custom Development Rebranding Crypto Utilities
Many people who own digital currencies are looking for avenues to spend them and the acceptance of crypto by Harbor Custom Development Inc is a good way to redefine the utilities of the nascent asset class.
With the popularity of cryptocurrencies rising in the past years, more vendors are beginning to accept a select range of digital currencies for transactions. As reported earlier by TheCoinRise, Croatia’s largest supermarket chain, Konzum started accepting cryptocurrencies in early December 2021, modeling a one-of-a-kind move in the country at the time.
Mainstream payment applications including Paypal and Cash App also support cryptocurrency transactions, giving access to millions of merchants and retailers to embrace digital currencies for payments. Many people believe cryptocurrencies are the future of money, and just like Harbor Custom Development, a lot of companies want to be amongst the pioneering supporters of this emerging money.