Maltese real estate company Dreamflats will accept payments via Cardano (ADA) for hyper-modern apartments. Dreamflats announced that Zaha Hadid Architects will accept lease payments with Cardano (ADA) for the Mercury Towers building.
Dreamflats said in a press release that the income from ADA payments will be reported to regulators, including the Malta Tourism Authority. In addition, tax payments from cryptocurrency transactions will also be in fiat currency.
Mercury Towers is a hyper-modern building by Zaha Hadid Architects and the rental price will be determined by the completion of the apartments in 2022.
Dreamflats has joined the growing number of businesses accepting cryptocurrencies for lease payments. In April, billionaire Rick Caruso announced that his real estate company would accept Bitcoin as a rent payment for residential and retail properties. According to Caruso, the decision stems from the belief that cryptocurrencies will be permanent.
Dreamflats was the first non-digital Maltese company to accept cryptocurrency payments, and this move could set a precedent for the rest of the industry. Dreamflats is shifting its focus from Bitcoin as a major cryptocurrency payment option by accepting ADA.
Cardano Interest Is At A Record Level
Dreamflats’ ADA preference came after the asset’s recent price surge to hit an all-time high of $ 2.4 on May 16. ADA’s rise was linked to the bull run run by Bitcoin, and the asset reached its all-time high of $ 64,800 on April 14.
However, while Bitcoin struggled to maintain its gains from the beginning of the year, according to data provided by CoinMarketCap, ADA continued the decline with a 16.6% drop in the past seven days and experienced its correction at around $ 1.53.
ADA’s price increase resulted in approximately 6,710 millionaire investors between January 1 and May 17, 2021, representing a growth of 1,231%.
Elsewhere, the Cardano network continues to attract the attention of the cryptocurrency community for its ability to support real-world use cases. Cardano, for example, signed an agreement with the Ethiopian government to streamline the country’s education system.
The network also witnessed a development that reached 100% decentralization.