Sunday, June 13

Bitcoin (BTC) and Ethereum (ETH) Now Accepted as Lease Payments

manhattan

KPG Funds has become the latest American real estate firm to enter the cryptocurrency space.

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New York-based office developer firm KPG Funds allows its tenants to pay their rents in Bitcoin (BTC) and Ethereum (ETH), according to the Commercial Observer post. CEO Greg Kraut claims his company decided to introduce the new payment option after several customers expressed interest.

KPG Funds has signed up with Luxembourg-based cryptocurrency exchange Bitstamp to accept digital assets. According to Kraut, the real estate firm may consider holding on to the cryptocurrency it bought:

“This allows us to instantly transfer or hold digital currency.”

The company acquired Class B and C office properties in Manhattan to renovate and provide customers with a “bespoke workplace experience.” As previously reported, office sharing giant WeWork started accepting cryptocurrency payments in April.

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