Harbor Custom Development, Inc., Will Accept Crypto Payments For House and Land Purchases From January 24

On January 24th, Harbor Custom Development, Inc. will begin taking Bitcoin, Ethereum, Dogecoin, and many other cryptos as forms of payment for its properties.

Harbor Custom Development, Inc. said in a recent press release that they will take “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 January 24, 2022.”

Bitcoin, Ethereum, USD Coin, XRP, Dogecoin, SHIBA INU, Binance USD, Wrapped Bitcoin, Litecoin, Dai, Bitcoin Cash, Pax Dollar, and Gemini Dollar will be all accepted.

Jeff Habersetzer – Harbor Custom Development, Inc. Chief Operating Officer shared the reason for this move of Harbor: “Acceptance of digital currencies for our real estate offerings is a logical step for Harbor and demonstrates our flexible business model that separates us from our industry peers.” 

By allowing crypto payments, this real estate firm will open its doors to an industry with a purchasing power of over $1 trillion, according to Sterling Griffin, Harbor President and CEO. He further noted that the program “places Harbor in the first-mover position of adoption.”

However, Harbor is not the first real estate firm to accept cryptocurrency payments. Caruso, one of the biggest real estate businesses in the United States, began allowing tenants to pay rent in bitcoin in April 2021. As part of its treasury management plan, the business also invested an unknown quantity in BTC. One of the condominiums at Arte Surfside was sold for $22.5 million in cryptocurrency. The type of cryptocurrency utilized by the buyer, however, was not revealed.

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