Real Estate Company Harbor To Start Accepting Bitcoin

According to a press statement, real estate business Harbor will begin accepting bitcoin as payment for its land, developed lots, residential homes, condominiums, and flats in four U.S. states. Harbor is involved in all phases of the land development process, including site acquisition, entitlements, project infrastructure construction, home construction, marketing, sales, and project management for a variety of residential developments in Washington, California, Texas, and Florida.

In a statement, Jeff Habersetzer, COO of Harbor Custom Development, said, We embrace technological innovations in our sector and want to lead their influence in the future. Harbor is ecstatic to be the first national homebuilder and land developer to bring our portfolio to the global cryptocurrency market, which now has over 200 million users. Harbor said it would accept cryptocurrency payments through a third-party entity that would handle the currency conversion and keep the monies in escrow until the transaction was completed. Despite the fact that bitcoin and other cryptocurrencies are accepted, Harbor’s sales will be denominated and settled in US dollars.

Offering real estate products and services to individuals and institutions holding cryptocurrencies is a major step forward for the company, according to Sterling Griffin, president and CEO of Harbor. Harbor said it focuses its efforts on acquiring land with scenic views for the purpose of developing and selling residential properties within a 20- to 60-minute commute of some of the country’s most populous cities. Apartments, condominiums, single-family homes, and luxury residences are among the company’s residential projects, which are currently concentrated in Western Washington’s Puget Sound region, Sacramento, California, Austin, Texas, and Punta Gorda, Florida.

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