#GlobalNews: “Paying office rent using Bitcoin? Calgary may lead the way in Canada” #Toronto #Montreal #Calgary #Ottawa #Canada


Calgary is believed to be the first city in Alberta, possibly even Canada, to allow renters to use cryptocurrencies to pay for a commercial lease.

A northwest Calgary office building is now accepting Bitcoin, Ethereum and LiteCoin as rent payments.

“Crypto has really become mainstream,” said Greg Habstritt, president of Real Equity Centre.

Real Equity, along with commercial real estate brokerage firm Barclay Street, say this is the future.

“There’s going to be a little volatility and both parties have to accept that,” Habstritt said.

“We believe that forward-thinking companies in Calgary, especially tech related companies, are going to be able to deal with that volatility.”

It’s also believed the new payment options can help end the volatility in Calgary’s commercial vacancy rate, which has been at a record high.

“I think what it will do is showcase that Calgary is a burgeoning and growing tech hub and it’s open for business,” said Barclay Street vice president Dan Harmsen.

Calgary office vacancies up

Offers are now being accepted for the available building space.

If the new payment options work they may be rolled out to other landlords.

© 2018 Global News, a division of Corus Entertainment Inc.

Note: “Previously Published on: 28 February 2018 | 2:10 am, as ‘Paying office rent using Bitcoin? Calgary may lead the way in Canada’ on GLOBALNEWS CANADA. Here is a source link for the Article’s Image(s) and Content”.

Global News Canada

Copyright © 2017 Global News, a division of Corus Entertainment Inc. Corus News. All rights reserved. Distributed by PressOcean Global Media (pressocean.com). Contact the copyright holder directly for corrections — or for permission to republish or make other authorized use of this material... Articles and commentaries that identify PressOcean.com as the publisher are produced or commissioned by PressOcean. To address comments or complaints, please Contact us.


No comments!

There are no comments yet, but you can be first to comment this article.

Leave reply

Only registered users can comment.