Five Advantages Of Using Bitcoin To Pay Rent – Bitcoin Magazine

Jenna Hall is a content marketing coordinator at Redfin. Redfin does not provide legal, tax, or financial advice. This article is for informational purposes only and is not a substitute for professional advice from a licensed attorney, tax professional or financial advisor.

Over the past few years, an increasing number of companies worldwide have started allowing customers to pay for their products and services with bitcoin. While bitcoin used to be considered a niche asset, it’s now emerged as a highly popular currency and is treated as a viable alternative to cash and credit for many major retailers. Now that you can use bitcoin to purchase almost anything, some are wondering how they can use their digital currency to buy a home or even pay their rent.

With bitcoin becoming more intertwined with real estate transactions, you may be wondering if paying rent with bitcoin is a good option for you. Whether you’re a landlord or a tenant, here’s what you need to know.

How Does It Work?

Currently, there are two ways landlords can collect bitcoin rental payments. The first is by using a property management platform that leverages technology to process bitcoin payments. The second is by simply transferring peer-to-peer with the tenant.