Fri, February 07, 2025

You can already pay with Bitcoin at Caruso Properties

Bitcoin ATMs

California Real Estate Company Caruso steps into the cryptocurrency world. According to Wednesday’s announcement, the company will now accept bitcoin as payment on all its real estate and residential properties. It is a significant initial investment in bitcoin, and it makes Caruso the first to adopt this technology in the real estate industry.

Besides, Caruso has allocated approximately 1% of its treasury into bitcoin.

Caruso’s properties include outdoor malls, The Grove in Los Angeles, The Americana at Brand in Glendale, California. Americana has luxury apartments as well.

Earlier this year, Tesla also started to accept bitcoin as payment for its electric vehicles. Jack Dorsey’s Square has also purchased Bitcoin for its corporate treasury.

There’s also been some other movement from Wall Street firms. Morgan Stanley was the first big U.S. bank that provides Bitcoin funds for its wealth management clients. The private wealth management group at Goldman Sachs is likely to offer its clients investment vehicles for bitcoin and other digital assets soon too.

Caruso’s crypto ambitions might not end at bitcoin. As the company shared with CoinDesk, they are also interested in other aspects of the crypto economy market, like NFT (Non-Fungible Token).

Caruso starts a partnership with Gemini Exchange

Gemini is a cryptocurrency exchange and custodian. It allows customers to buy, sell, and store more than 30 cryptocurrencies like bitcoin, litecoin, and Zcash. Gemini is a trusted New York company that is subject to capital reserve requirements, cybersecurity requirements, and banking compliance standards

In a partnership with Gemini Exchange, Caruso’s retail and commercial property owners can now pay the rent in Bitcoin and feel safe for their funds. It makes Caruso the biggest real estate company in The U.S. to accept the digital asset as a payment method.

Caruso’s moves outline bitcoin’s latest institutional adoption, which could help the world’s most enormous cryptocurrency soar in price in recent months. On Wednesday, Bitcoin was trading below $56.000, while in early October, it was around $11.000, according to Coinbase.

Some critics of bitcoin question its current price and its efficiency as a method of transaction. However, many giant companies are gradually switching to cryptocurrency payment systems. This will most likely lead the next few decades 21st centuries.

YOU MAY ALSO LIKE

Число заявок на пособие по безработице в США сократилось на 2 000, что свидетельствует о стабильности рынка труда в условиях высоких ставок, а дальнейшие действия ФРС будут иметь решающее значение для экономической стабильности.

Quick Overview Unemployment Claims Dip: Jobless claims fell by 2,000 to 231,000,

Стерлинг достиг отметки $1,32: рост, риски и перспективы

Quick Look Sterling’s Surge: The British pound has surged to a 2.5-year

Доу Джонс вырос на 243 пункта, установив новый рекорд на отметке 41 335,05

Quick Overview Dow Jones Hits Record: The DJIA rose by 243.63 points,

COMMENTS

Leave a Comment

Your email address will not be published. Required fields are marked *

User Review
  • Support
    Sending
  • Platform
    Sending
  • Spreads
    Sending
  • Trading Instument
    Sending

BROKER NEWS

BROKER NEWS