What happens when a property developer accepts bitcoin for rent?

What’s happening? California Real Estate Developer Rick Caruso will be accepting bitcoin as a method of payment. 1% of Caruso Properties’ treasury is in bitcoin after an investment in Gemini, a cryptocurrency.

Why is this important? A growing list of payments may be made by cryptocurrency some taxing entities accept crypto currency, some political campaigns accept crypto currency.

How will this be important? States are just beginning to regulate cryptocurrency. It’s the new frontier.

LA Times via Governing | Some L.A. Apartments, Stores Can Now Pay Rent in Bitcoin