Recently, San Francisco-based startup Pacaso announced that it is now possible to pay with cryptocurrencies, including Dogecoin ($DOGE) for shares in single-family homes in some of the top second home destinations in the US.
Pacaso CEO Austin Allison told Bloomberg in an interview:
“Owning a second home was a dream for families before the pandemic, but this interest has only grown as Covid-19 has changed the way people work and live. ”
Bloomberg reports in the news that Pacaso bought single-family homes in the United States and then sold ownership stakes in those properties (minimum investment is one-eighth of the home). Homeowners can book accommodations year-round (the number of weeks they can stay at home depends on the size of their property), and, interestingly, Pacaso allows homeowners to have their belongings “changed on arrival and departure.”
In a press release published Oct. 20, Pacaso announced that it will “start accepting cryptocurrency as a payment option for second-home ownership shares offered through its platform.” In an industry first, partners will be able to pay for their homes in Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Bitcoin Cash (BCH), Dogecoin (DOGE), Wrapped Bitcoin (WBTC).
The press release included information that crypto payments will be handled by crypto payment processor BitPay.
Pacaso CEO said:
“Digital currencies and the blockchain that powers them are increasingly being adopted in the real estate industry. And a crypto payment option is a recurring topic in our conversations with prospective buyers of homes. As we expand internationally and make home co-ownership accessible to more people around the world, we are excited to be able to respond to this demand and provide our customers with as many payment options as possible. ”
