Harbor Custom Development Inc to accept Bitcoin and 12 other digital currencies as payment for its real estate

The company also accepts Ethereum, USD Coin, XRP, Dogecoin, SHIBA INU, Binance USD, Wrapped Bitcoin, Litecoin, Dai, Bitcoin Cash, Pax Dollar, and Gemini Dollar

Harbor Custom Development Inc has said it will accept Bitcoin and 12 other digital currencies as payment for its listed land, developed lots, residential homes, condominiums, and apartments in the Washington State, California, Texas, and Florida markets.

In addition to the Bitcoin cryptocurrency, the company also accepts Ethereum, USD Coin, XRP, Dogecoin, SHIBA INU, Binance USD, Wrapped Bitcoin, Litecoin, Dai, Bitcoin Cash, Pax Dollar, and Gemini Dollar. 

Harbor uses a third-party company that converts cryptocurrencies to US dollars and those funds are sent to escrow to close the transaction. All real estate transactions are settled in US dollars.

READ: Harbor Custom Development closes $1.5M purchase of a 138-unit apartment site in Washington State

“The blockchain is a transformative and disruptive technology that is rapidly gaining acceptance globally,” said Harbor CEO Sterling Griffin in a statement. “It is without question a significant step forward for the company to offer our real estate products and services to individuals and institutions that represent over $1.5 trillion in purchasing power.”

Jeff Habersetzer, Harbor’s chief operating officer, added: “We embrace the technological advances in our industry and seek to guide their impact in the future. Harbor is excited to be the first national homebuilder and land developer to introduce our portfolio to the worldwide cryptocurrency market with more than 200 million users.” 

Harbor 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 Western Washington’s Puget Sound region, Sacramento, California, Austin, Texas, and Punta Gorda, Florida. Harbor has active or recently sold-out residential communities in Gig Harbor, Bremerton, Silverdale, Bainbridge Island, Belfair, Allyn, Port Orchard, Lacey, Burien, Yelm, and Blaine in Washington State.

In addition, Harbor has acquired land and will begin constructing homes in three new markets. In the Sacramento metro market, Harbor will be constructing homes in completed subdivisions in both Rocklin and Auburn, California. In the Austin metro market, Harbor has acquired developed lot inventory in Dripping Springs, Driftwood, and Horseshoe Bay, Texas. The company recently acquired property in Punta Gorda, Florida, and plans to begin construction of oceanfront condominiums there in 2022.

Contact the author: patrick@proactiveinvestors.com

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