Recently, Harbor Custom Development Inc. (NASDAQ: HCDI) announced plans to accept select cryptocurrencies in the near future.
Harbor, which was founded in Gig Harbor, WA (in ther United States) is “a real estate development company involved in all aspects of the land development cycle including, land acquisition, entitlements, construction of project infrastructure, home building, marketing, sales, and management of various residential projects in Washington, California, Texas, and Florida.”
Its business strategy “focuses on acquiring land with scenic views to develop and sell residential lots, new home communities, and multi-story condominium properties within a 30 to 60-minute commute of the nation’s fastest-growing metro employment corridors.”
In a press release issued on 23 December 2021, Harbor told investors that it “expects to accept Bitcoin and a dozen other digital currencies as payments for its listed land, development lots, houses, condos and apartments in Washington and three other states.”
The press release went on to say that the launch date is 24 January 2022 and that before this date the company may “add or subtract digital currencies”. It also mentioned that “all real estate transactions will be settled in U.S. dollars.”
The four U.S. states in which Harbor customers are able to buy real estate with crypto are Washington, California, Texas, and Florida.
Harbor COO Jeff Habersetzer said that accepting crypto as a payment method is “a logical step” for his company.
The cryptoassets that will be accepted for payment from January 24 are Bitcoin, Ethereum, USD Coin, XRP, Dogecoin, Shiba Inu, Binance USD, Wrapped Bitcoin, Litecoin, Dai, Bitcoin Cash, Pax Dollar, and Gemini Dollar.