Harbor Custom Development, Inc. (Nasdaq: HCDI, HCDIP, HCDIW, HCDIZ) (“Harbor,” “Harbor Custom Homes®,” or the “Company”), an innovative and market leading real estate company involved in all aspects of the land development cycle, announced today it will accept Bitcoin and 12 other digital currencies as payment for its listed land, developed lots, residential homes, condominiums, and apartments in the Company’s operating markets in Washington, California, Texas, and Florida.
In addition to Bitcoin, the Company also accepts: Ethereum, USD Coin, XRP, Dogecoin, SHIBA INU, Binance USD, Wrapped Bitcoin, Litecoin, Dai, Bitcoin Cash, Pax Dollar and Gemini Dollar. Harbor uses a third-party company that converts cryptocurrencies to U.S. dollars and those funds are sent to escrow to close the transaction. All real estate transactions are settled in U.S. dollars.
“The blockchain is a transformative and disruptive technology that is rapidly gaining acceptance globally. It is without question a significant step forward for the Company to offer our real estate products and services to individuals and institutions that represent over $1.5 trillion in purchasing power,” stated Sterling Griffin, President and CEO of Harbor Custom Development, Inc.
“We embrace the technological advances in our industry and seek to guide their impact in the future. Harbor is excited to be the first national homebuilder and land developer to introduce our portfolio to the worldwide cryptocurrency market with more than 200 million users.” Stated Jeff Habersetzer, Chief Operating Officer at Harbor Custom Development, Inc.