- Renters account for 44.1 million households. However, 10.5 percent of all homes are unoccupied. Renters are 89.9% more likely than homeowners to fall behind on their rent, compared to homeowners who pay their mortgage.
- The application was intended to be a gathering for loft networks’ inhabitants to share their encounters. The firm behind it professes to change loft life as an early Web3 adopter.
- Livly has joined another application that permits property managers to demand lease in digital money. The ManageGo web platform connects building managers or landlords with their renters.
Tenants can now pay their rent in cryptocurrency thanks to new features in renter apps. Livly, a new software, now allows users to pay their rent in a variety of cryptocurrencies. The application was intended to be a gathering for condo networks’ occupants to share their encounters. The firm behind it claims to be transforming apartment life as an early Web3 adopter.
Will Renters Choose For Cryptocurrency
Livly will combine frictionless property technology with the latest blockchain technology by accepting cryptocurrency for rent payments, specifically Bitcoin (BTC) and Ethereum (ETH). This will address residents’ growing demand for more flexible and easy-to-use rent payment options.
Landlords can still be paid in US dollars using the app. Actively reviewing relationships with globally respected crypto exchange sites to ensure optimal reliability and security, they claim.
We aim to offer residents who have bitcoin an additional choice to pay their bills with the way they prefer, Livly Founder Alex Samoylovich stated. We’re continually searching for methods to improve and broaden the convenience of our residents.
One of Livly’s biggest assets is in our ability to grow, meet, and exceed the expectations of our apartment communities using current technology, stated Brian Duggan, CEO of Livly. Livly has always been on the cutting edge of proptech innovation. It’s only natural for us to be the first resident mobile app in the country to accept cryptocurrencies.
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Figures On Rent
Livly has joined another application that permits property managers to demand lease in digital money. The ManageGo web platform connects building managers or landlords with their renters. The programme allows tenants to pay their rent digitally. As a result, accepting cryptocurrencies is a natural progression. This product acknowledges bitcoin, litecoin, and ether as installment strategies.
Coinbase’s application programming point of interaction is utilized by ManageGo (API). Users benefit from real-time currency rates, while tenants and landlords benefit from correct conversions. Thirty-five percent of Americans now rent their homes. Renters account for 44.1 million households. However, 10.5 percent of all homes are unoccupied. Renters are 89.9% more likely than homeowners to fall behind on their rent, compared to homeowners who pay their mortgage.
Source: https://www.thecoinrepublic.com/2022/05/11/tenants-could-now-pay-the-rent-in-cryptocurrency-on-a-monthly-basis/