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Paying rent with cryptocurrency

  • Thread starter Thread starter Stnicholaz
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The world is gradually growing and many things are changing and that include payment methods and cryptocurrency coming into limelight. I see nothing wrong with it in as much the Landlord accepts it.
 
I don't think it will be a good idea because in some countries crypto is illegal, and some people don't know anything about crypto currency so I don't think it will ever be use to pay rent
 
There are still several regions of the world where crypto currency hasn't been approved as legal means of performing transactions. In some regions paying rents with crypto currency might be possible but over here it wont really suffice as not everyone is currently into crypto currency investment.
 
One cab pay rent in cryptocurrency provided that the country of residence accept cryptocurrency as means of payment for commodities. It is an easy form of payment.
 
If there is someone who is really interested in getting rent through cryptocurrencies, I won't agree to pay like that because the payment rates in conversion is very high that normal.
 
In some places, it will be very difficult and not acceptable most especially in places where the people are not very educated and don't know anything or much about the use of cryptocurrency in such transactions.
 
I prefer making use of my credit card to make payment all the time because this is what enables me to make sure I do not spend so much exchange rate while using currencies.
 
I think it will be very difficult to pay rent with cryptocurrency most especially among the third world countries because most of their citizens are not knowledgeable about the use of cryptocurrency.
 
One of the things that can really come as a boost to the cryptocurrency community is adoption. It is going to be a very good thing to see that people are going to be adopting cryptocurrency like this knowing fully well that a lot of people will have to pay house rent.
 
Actually at this moment, i do not think that is anywhere now where tenant usually pay there rent money through cryptocurrencies. I only know payment hand to hand out through bank that is all.
 
This is not happening anytime soon as
Setho said:
One of the things that can really come as a boost to the cryptocurrency community is adoption. It is going to be a very good thing to see that people are going to be adopting cryptocurrency like this knowing fully well that a lot of people will have to pay house rent.
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I am seeing it, it's seems a lot of landlord may not have an idea about paying of rent this way. I would just pay my rent in physical cash to avoid unnecessary stories.
 
I have never heard of anyone who paid the rent with cryptocurrency. the thing is that so many people may think cryptocurrency is a scam and therefore they will not accept such payment. It may be possible with some companies though.
 
There is really nothing bad in it , provided the owner of the house is comfortable with cryptocurrencies as payment method for it. If he's not comfortable with it, that's when it becomes a problem.
 
Paying your rents and due with crypto can be acceptable if your landlord is into crypto currency, my friend landlord do collect crypto as the form of payment on his house .
 
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