Los Angeles-based real estate company Caruso has partnered with cryptocurrency exchange Gemini to accept Bitcoin in commercial property and residential leases.
On top of that, the company invested one percent of its treasury reserves in its largest cryptocurrency as a protection tactic against inflation. Tesla CEO Elon Musk is also on Caruso’s long list of tenants.
Elon Musk Could Be The First Caruso Tenant To Pay Bitcoin Ilee Rent
The e-car manufacturer sells its vehicles at Americana at Brand, a large shopping and entertainment center in Glendale. While Caruso has not yet had any conversations with the eccentric entrepreneur, Musk said he might be the first tenant to pay his rent in cryptocurrency:
“I didn’t talk to Elon about this. As a pioneer, he may be the first to pay his rent in bitcoin. ”
As reported by U.Today, Tesla announced its $ 1.5 billion investment in cryptocurrency in February, then began accepting Bitcoin payments for its cars and services in late March.
A Long Term Bet
Real estate developer Rick Caruso, founder and managing director of the company named after his own surname, claims that Bitcoin and cryptocurrencies will play an “important role” in the future:
“I believe cryptocurrency and Bitcoin will play an important role in our collective future. Working with Gemini will bring unique experiences and pioneering technology to add value to our guest experience. ”
In an interview with CNBC’s “Power Lunch,” the billionaire claimed that the company’s entry into Bitcoin was not temporary:
“This situation is not about the next one or five years. We look forward to the next ten years. ”
In addition to allowing its clients to pay lease with the largest cryptocurrency, Caruso also plans to offer blockchain-powered rewards:
“With our loyalty program, what I dream of working with Winklevosses and Gemini is that you will make money. You will earn a cryptocurrency. “