Property Management Group To Start Allowing Tenants To Pay With Crypto

California property that is genuine Caruso properties will now accept bitcoin (BTC, -2.58%) for lease on all its properties.

In a partnership with Gemini Exchange, Caruso will now let tenants of its retail and properties being commercial their rent in bitcoin. This will make Caruso the largest property that is genuine in the United States to accept the digital asset as a kind of payment.

Additionally, Caruso has allocated roughly 1% of its treasury into bitcoin, based on the LA Times.

Caruso’s crypto ambitions may not end at bitcoin, though. A news release distributed to us signals interest in other facets of the crypto economy as well, just like the part that is hottest of the market now – NFTs.

“This partnership marks the beginning of a holistic, long-lasting relationship intended to bring cryptocurrency, non-fungible tokens (NFTs), and blockchain applications to Caruso properties in order to engage the an incredible number of site visitors throughout their ecosystem,” the release reads.

Bitcoin continues to create its way on the balance sheets of prominent companies into the U.S., a trend that MicroStrategy kicked off 12 months that is final it converted nearly all of its cash holdings into bitcoin. Since then, Square, Tesla along with other publicly traded businesses have added bitcoin with their stability sheets, also.