A new Vancouver-based startup rental platform known as liv.rent will give clients the ability to pay their rent with Bitcoin. This news comes as more companies start to accept cryptocurrency payments.
As part of the rental transaction, tenants pay their rent with the cryptocurrency; the landlord will receive the payment in CAD with the startup being responsible for the exchange.
"People are requesting more choices," said liv.rent'sector of research development Fuad Arafa. "We're giving choices to the people."
The renter can pay with either Coinbase or any other cryptocurrency wallet. Both the tenant and the landlord need to be on the platform to take advantage of the crypto payment option.
Through the "ID Verified" label, Liv.rent ensures both landlords and rentals are verified by the site.