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Malta-based Property Company Dreamflats Announces To Accept Rental Contract Payments In ADA

Dreamflats is a property company situated in Malta. It made headlines in the cryptocurrency community when it announced a partnership with Charles Hoskinson’s Cardano project, announcing that payments for rental contracts may now be made using the ADA token. This announcement was made in reference to the Mercury Towers building, which is spearheaded by Zaha Hadid Architects.

Mercury Towers is an extremely modern and ambitious building made by the abovementioned Zaha Hadid Architects, with the rental price stated to be set as soon as the apartments are fully constructed and operational, which is scheduled to be sometime next year.

Cardano partnerships increasing

Dreamflats is just another member of the steadily growing list of various firms, businesses, organizations, and even governments that are slowly becoming more accepting and progressive-minded regarding the use of cryptocurrencies as a form of payment. In Cardano’s case, the cryptocurrency had already been added as a payment option for the likes of WooCommerce and Shopify in the past and had even garnered a partnership with the government of Ethiopia itself not too long ago for the purposes of improving educational attainment.

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Back in April, a billionaire by the name of Rick Caruso (who owns a real estate company) made it known that BTC was to be accepted as a rent payment option for retail as well as residential properties going forward. Despite the fact that BTC has been struggling a lot lately, with the current price being just below $36,120, Caruso claims that cryptocurrencies are nonetheless going to be around for a long time, with this belief heavily influencing his decision.

1st Maltese physical business to accept Cardano

With its announcement, Dreamflats has managed to become the very 1st Maltese physical business organization to accept payments in cryptocurrency and one of the very 1st non-digital businesses that are now accepting Cardano in general. This move may very well end up setting a precedent for the entire industry. Also, the decision to accept payments in ADA and not BTC is indicative of a gradual move away from the flagship crypto and shows an increasing focus towards adopting the top altcoins. 

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As of the time of this writing, ADA is trading at a price of $1.44 with a negative price change in the last 24 hours. Of course, this dip in price is largely due to the current state of the market, with numerous cryptocurrencies suffering massive declines in price and experiencing heavy losses. Still, there are those who are using this as an opportunity to buy at the dip.

In related news, Cardano had also experienced continued development as far as technological advancement is concerned, with the project attaining complete block decentralization.

Shelly Melancon (Switzerland)

Shelly is a cryptocurrency enthusiast from Switzerland, she bought her first crypto in 2015 when it was way less popular then it is today and since 2017 she has been writing about cryptocurrency for online news portals. Shelly is the newest addition to the Tokenhell team, she writes mostly news and reviews related articles , stay tuned to her posts to stay up to date with the crypto world.

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