Following the example of Tesla and PayPal, another company – one of the largest and most successful real estate companies in America – Caruso, announced that it will accept bitcoin as a way to pay rent.
In this way, the American real estate company becomes the first company in the industry to start accepting digital assets as a method of payment. According to BusinessInsider, the Los Angeles-based company owned by billionaire Rick Caruso also announced that it has decided to invest in bitcoin to attract new customers.
“I believe that bitcoin and cryptocurrency will play a major role in our collective future,” Rick Caruso said in a statement.
Bitcoin has grown rapidly, reaching record levels in recent months. This is largely due to its practical support from major players and market companies. Encryption has so far reached over 100% per year, and 600% in the last 12 months. In total, cryptocurrencies have doubled their market capitalisation to $2 trillion in just three months.
Undoubtedly, there is a “growing tendency on the part of companies to accept this digital currency as a method of payment,” said Wedbush analyst Daniel Yves.