The
company offering the service is also exploring how to accept rent
payments in Bitcoin, a popular cryptocurrency.
A UK
co-living company has announced that it will begin accepting down
payments made in Bitcoin, according to CoinTelegraph, making it that
much easier for traders hooked on effortless, outstanding returns to
speculate in another bubble-prone market: UK housing.
Co-living
pioneer The Collective announced the decision on Tuesday, saying it’s
the first developer that will accept payments in cryptocurrency. The
company added that it’s exploring how to accept rental payments in
bitcoin, which it hopes to implement later in the year. It said that
its decision to accept bitcoin was related to demand from
international clients.
The company
has pledged to perform a “spot conversion” of users’ deposits –
a fancy way of saying it intends to hedge its position – so that it
bears any financial risk while holding the deposit.
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