VANCOUVER, British Columbia, Might 26, 2021 (GLOBE NEWSWIRE) – Canadian rental platform liv.lease is happy to announce on the complete moon that it has added bitcoin as a type of cost, permitting tenants to pay their lease with cryptocurrency whereas the owner receives fiat forex.
Bridging the hole
See more: Rent apartment with bitcoin
The Vancouver-based start-up has at all times developed to go well with the wants of its neighborhood. “Persons are requesting extra selections,” stated liv.lease’s Director of Analysis & Growth, Fuad Arafa. “We’re giving selections to the individuals.”
By facilitating rental funds made in bitcoin, liv.lease is providing a bridge between the world of cryptocurrency and the rental trade, which has been sometimes slower within the adoption of recent applied sciences.
How the method works
The brand new cost technique works the identical as another type of cost on the liv.lease platform. The nominal charges concerned, together with 0.5% liv.lease processing charge, are a lot decrease than your typical bank card charge.
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So as to allow the cryptocurrency cost, each the renter & landlord have to be on the liv.lease platform.
When a tenant receives a cost request, they’ll go to liv.lease and pay with bitcoin. There are two choices: pay straight by Coinbase, or scan a QR code containing the tackle of a singular cost request and pay with the cryptocurrency pockets of their alternative.
When a renter pays in bitcoin, it’s transferred and later deposited as CAD into the owner’s checking account. With this new characteristic, landlords can enchantment to a wider pool of potential tenants.
What Lies Forward
For individuals who envision a world with fully decentralized monetary techniques, that is renting with out borders.
liv.lease, which additionally helps newcomers by helping them to safe a house in Canada previous to arrival, hopes that its newest characteristic will break obstacles by giving individuals an opportunity to totally embrace cryptocurrencies by utilizing it to pay for lease – one of many fundamentals of life for greater than 4 million Canadian renters. This new bitcoin cost possibility can be rather more reasonably priced than the standard wire switch technique, due to this fact assuaging monetary obstacles that include renting your first Canadian house.
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Since its first launch in 2018, liv.lease has been a frontrunner within the rental trade, reworking the best way Canadians lease with the mixing of know-how. By automating each step of the rental course of from looking out to contract signing, this platform has grown to create a secure and trusted neighborhood of landlords and renters. With the assistance of AI algorithms that match tenants to landlords and cloud storage options, all the pieces might be accomplished on-line or in-app — the right contactless resolution for a COVID-19 world.
This has been an thrilling yr — from the Toronto launch in April to the discharge of “Pay By Bitcoin” characteristic, and liv.lease is planning for future growth in North America. Subscribe for all future updates and be taught extra at https://renters.liv.lease/bitcoin.
For extra info, please contact:
Matisse Yiuliv.lease Advertising ManagerMatisse@email@example.com