• Sun. Feb 25th, 2024

Real Estate Service Providers in Australia to Accept Rent Payments in Cryptocurrencies

Christian Klausen

ByChristian Klausen

Jun 15, 2021

Business Hub is a furnished office space provider in the region of Adelaide, Australia. The organization is famous for providing several commercial services like virtual offices, podcast studios, boardrooms, venue hires, networking, and workshop sites. Business Hub became the center of attention in the crypto community of Australia for accepting rent payments in cryptocurrencies. Starting from July 1st, which is also the first day of the fiscal year in Australia, renters would be able to settle their bills with crypto.

George Kipriz is the CEO and founder of the Business Hub. Expanding on the new crypto vision of his company, he told crypto journalists that these new changes had been made in the light of new market surveys. The data shows that about 20% of Australians have invested in cryptocurrencies in one form or the other. In this manner, the firm decided to move forward and become the pioneer adopters of crypto payments in the region. 

Real Estate Organization Aims to Add Cryptocurrencies to their Balance Sheets

The CEO of Business Hub also told the media that more and more crypto-related content is becoming common on the internet and social media platforms. Some articles have also been published about Business Hub accepting crypto payments, and a new series of members have started to line up to sign up for the program. Others were already registered and wanted to take advantage of the golden opportunity. The priority of the Adelaide-based firm is to convert digital assets into Australian dollars.

However, the management of the firm claims that they are willing to add a good number of digital assets to their balance sheet. This has been done to comply with the vision of the firm that crypto payments are the future of monetary settlements. In the beginning, the firm would be accepting Bitcoin and Ethereum. However, as time passes, they have plans to expand on their crypto payments and add more digital assets to the list. 

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Crypto Exchange Survey Reveals that Australian Millennials have a Preference for Crypto-Investment

Kraken is a crypto exchange service that has plans to file for a public listing next year. A recent survey issued by Kraken declares that about 40% of Australian millennials who want to invest their savings are opting for cryptocurrencies rather than real estate. Another astonishing discovery made by the survey report dictates that 22% of millennials in the region believe digital assets provide a better of growing their wealth instead of the traditional banking enterprises. 

Under these circumstances, it is no big surprise that firms like Business Hub are taking an interest in crypto-related services. Meanwhile, others like Queensland Solar and lighting have started on the same track. An academic establishment called Flinders University has also started to accept crypto for settlement of tuition fees.

Christian Klausen

Christian Klausen

Christian Klausen is a talented news writer renowned for his compelling storytelling and comprehensive research. With a sharp eye for detail, his articles offer readers a thought-provoking and well-informed perspective on a wide range of current topics.

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