Oleg Galeev

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Canadians Can Now Pay Their Rent Using Bitcoin

Last updated June 17, 2021

Paying Rent with bitcoin

Bitcoin has been growing its popularity over the past few years and it has since been making noise as well paving a way for another form of payment for different services and establishments. It is starting to get evident as some countries are starting to accept Bitcoin instead of cash or credit cards as a way to pay for their expenses. 

In May 2021, a rental platform located in Canada called liv.rent, listed Bitcoin as a mode of payment for its rent. This then lets its tenants pay for it with this type of cryptocurrency all the while its landlord receiving fiat money which is a type of currency that is issued by the government that is not backed by commodities like gold, etc. 

This Vancouver-based startup rental platform has presented multiple options for its tenants to pay with Bitcoin just like some other companies and establishments that are also starting to accept this type of cryptocurrency as payment.  

Liv.rent is just one of the many establishments that are always working on automating their renting procedures from searching for the right apartment for you up to the point of signing your contract, aiming for easier and more convenient services for their old, new, and prospective renters. 

Their tenants can now pay either with Coinbase or other crypto exchanges available in Canada and they, both the landlord and the tenants should be on this platform to be able to use this payment option. 

The Canadian cryptocurrency industry is improving and these types of features will continue to break barriers by giving everyone the chance and option to dabble in this new world of cryptocurrency, and one way is by using it as a form of payment which is one of the basics of living for Canadian renters. 

Liv.rent also stated that this payment option is much cheaper than wire transfer which can relieve renters from financial barriers such as extra fees that come along with renting a Canadian house or apartment. This can help support newcomers in Canada by assisting them in finding their new home even before their arrival. 

 

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Author

Oleg is a Canadian citizen & crypto expert who has been trading since 2016. He started out with Coinbase, Kraken and Peer-to-Peer exchanges. After some time, centralized exchanges started charging crazy fees to their users.

He decided to review different crypto exchanges that operate in Canada and start a Youtube channel in order to educate Canadians on what kinds of things are going inside each one while giving them unbiased advice. On top of that, Oleg also has experience with NFT, airdrops, and crypto staking and he is constantly checking on new crypto assets.

His writing has been featured in popular Canadian media sources such as Toronto Sun and Ottawa Citizen.