Featured News

ManageGo enables tenants to pay their rent in Bitcoin, Litecoin and Ethereum

Mobile rent payment application provider ManageGo says it will enable payments via popular cryptocurrencies including Bitcoin, Litecoin and Ethereum. Once that happens, tenants will be able to pay their rents using these cryptocurrencies.

ManageGo said it will use Coinbase’s application programming interface to process the payments in order to avoid any risk itself. With Coinbase’s API service, the application converts payments made in Bitcoin, Litecoin and Ethereum into U.S. dollars immediately, before transferring the cash to landlords using the platform.

Chaim Lowenstein, ManageGo’s vice president of business strategy, told CNBC that the company wanted to provide the payment options to its users without taking on any risk itself:

"We saw we could do this and take the risk out of it by converting it,” he said. “It would be like if someone wanted to pay with marbles and we could convert marbles overnight.”

New York-based ManageGo provides a payment and maintenance service platform for landlords and tenants, but doesn’t own any properties itself.

Lowenstein said the idea was to help gain more prominence for itself. It carried out a number of surveys to test for interest in using cryptocurrencies.

“We thought this would be a next-level amenity,” he said.

Although cryptocurrency-friendly rent programs are still fairly rare, earlier this year, Switzerland-based VisionApartments announced it would accept bitcoin as payments. Unlike ManageGo, that company only accepts the cryptocurrency at its own properties.

Mike Wheatley

Mike Wheatley is the senior editor at Realty Biz News. Got a real estate related news article you wish to share, contact Mike at mike@realtybiznews.com.

Recent Posts

What about buying a modern bookcase for your interiors?

Everyone who reads a lot of books needs a bookcase. This article will tell you…

6 hours ago

What Are The Requirements For VA Loan Inspections

VA appraisals and VA inspections are often confused, but they are different. A VA appraisal…

6 hours ago

How to Effectively Run a Real Estate Marketing Campaign: The Best Tools and Methods to Get Results

With 40 million people on the move each year, there's a clear need and market for real…

22 hours ago

JPAR® Gulf Coast Named Affiliate of the Year

JPAR® Gulf Coast, a leading real estate brokerage in Mobile, Alabama, is proud to announce…

1 day ago


Better Homes and Gardens Real Estate LLC announced today the affiliation of Better Homes and…

1 day ago

5 Tips for Improving Your Social Media Marketing Skills

You wouldn’t try to be a real estate agent without knowing how a mortgage works,…

1 day ago