Caruso properties, pillar of real estate Californian, will now accept bitcoin for rent on all its properties.
Fr Partnering with Gemini Exchange, Caruso will now allow tenants of its commercial and commercial properties to pay their rent in bitcoin. This makes Caruso the world's largest property managerof the United States to accept the digital asset as a method of payment.
In addition, Caruso has allocated around 1% of its cash in bitcoin, according to the LA Times.
Caruso's crypto ambitions may not end in bitcoin, however. A press release shared with also signals interest in other aspects of the crypto-economy, such as the hottest segment of the market right now - NFTs.
"This partnership marks the start of a long-term, holistic relationship aimed at bringing cryptocurrency, non-fungible tokens (NFTs) and blockchain applications Caruso properties as a way to engage the millions of visitors in their ecosystem, "the statement read.
Bitcoin continues to make its way onto the balance sheets oflarge companies in the United States, a trend MicroStrategy started last year when it converted most of its cash into bitcoins Since then, Square, Tesla and other publicly traded companies have also added bitcoin to their balance sheets.