Dogecoin (DOGE) Enters the Real Estate Sector; Washington’s Gig Harbor to Accept Crypto
As cryptocurrencies see surging popularity and acceptance, real estate developers appear interested in accepting digital coins as payments for their houses. Washington-based developer Gig Harbor is the latest to join the craze. The developer will introduce crypto as payment later this month. Meme token DOGE is among the currencies the real estate giant will introduce. While writing this content, DOGE trades at $0.144.
In the latest news update, Harbor Custom Development firm revealed it would introduce digital coins as payments for listed land, apartments, condominiums, family homes, and developed lands in the company’s marketplace in Washington, Florida, Texas, and California starting 24 January 2022.
DOGE among Accepted Digital Tokens
The firm will accept several digital coins, including BTC, LTC, USDC, ETH, SHIB, DOGE, BCH, BUSD, Pax dollar, Wrapped BTC, and Gemini Dollar. COO Jeff Habersetzer stated that introducing crypto payments for their real estate services shows flexibility. That way, the company stays above its competitors.
Recently, its website advertises homes in Bremerton, Tacoma, Blaine, Belfair, California, and Texas. CEO Sterling Griffin states that accepting crypto means Harbor opening doors to firms with overall market capitalization surpassing $1 trillion. They added that their objective is driving shareholder value while serving as the thought chai in their industry group.
Meanwhile, the crypto markets see bearishness at the moment. The overall cryptocurrency market capitalization lost about 1% to $1.96 trillion. On the other side, the crypto market volume surged nearly 44% to $102.63 billion.
The digital coin market continued to crash even as BTC recovered from its day’s lows. Alternative tokens display weak price actions despite massive trading volumes.
The latest Fed minutes release seemed to shake investor confidence. Nevertheless, most crypto enthusiasts are bullish in the crypto space. They believe the assets will launch massive comebacks after ongoing bearishness to hit new ATHs.
Moreover, institutions seem to believe in crypto with increased adoption. Remember, Mike Novogratz stated that Bitcoin would attract institutions at its bottom. Is the narrative developing now? Has BTC hit its bottom, ready for a massive bounce? Feel free to share your views in the section below.
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