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Billionaire Rick Caruso's real estate firm will start accepting bitcoin as rent payment

12 days ago   |   By Business Insider

Summary List Placement Billionaire Rick Caruso's real estate firm announced that it will start accepting bitcoin as rent payment - a first within the global residential and retail space.
Caruso, one of the largest real estate companies in the US, is the latest in a growing list of major institutions from Tesla to PayPal that have begun to accept the digital asset as a form of payment, subject to applicable laws, the company said on Wednesday.
The Los Angeles, California-based company also announced that it invested part of its treasury management in bitcoin, similar to what Jack Dorsey's...
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Big on Bitcoin: Caruso now largest real estate firm to accept rent in cryptocurrency

Big on Bitcoin: Caruso now largest real estate firm to accept rent in cryptocurrency

12 days ago   |   By The Real Deal New York

Rick Caruso's eponymous real estate firm is embracing cryptocurrency. The Fairfax-based investment company will begin accepting rent payments in Bitcoin across its retail and commercial properties, according to the Los Angeles Times. The firm also said it spent 1 percent of its cash reserves on Bitcoin and entered a partnership with Gemini, a cryptocurrency exchange led by Tyler Winklevoss. “We've allocated a percentage of what would normally go into the capital markets into Bitcoin,” Caruso
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