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Pacaso allows crypto payments for home buyers

With Bitcoin breaking all past records, companies have started taking notice again about the premier crypto. Recently, real estate platform Pacaso announced that it would incorporate crypto for payments soon.

Spencer Rascoff and Austin Allison had co-founded this real estate platform in October 2020. Also, the firm states its objective to provide accommodation options through leveraging shared ownership. So while it sounds like a timeshare model, Pacaso has a little bit of difference.

The company’s website states:

“Forget timeshares, with Pacaso, you own a home, not just a block of time, you can book stays throughout the year, not annually. And resale? It’s fast and streamlined, and you set the price.”

After Bitcoin’s stonking performance, Pacaso has decided to accept crypto assets via digital currency payment platform Bitpay.

Talking about this incorporation, Austin Allison said:

“Digital currencies and the blockchains that power them are seeing increased adoption across the real estate industry, and a crypto payment option is a recurring topic in our conversations with prospective buyers of second homes.”

He also added,

“As we expand internationally and put second-home co-ownership within reach for more people across the globe, we’re thrilled to be able to respond to that demand and extend as many payment options as we can to our customers.”

The announcement detailed that other than bitcoin, clients can pay via ethereum, litecoin, bitcoin cash, dogecoin, and wrapped bitcoin. Moreover, clients can also leverage five different stablecoins as well.

In the end, Allison said:

“Whether you’re HODLing Bitcoin, diversifying out of a DOGE-heavy portfolio, or somewhere in between, Pacaso is here to help you realize your second-home dreams.”

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