The Chicago based apartment-rental app, Livly, is now offering its tenants the feature to pay their rent with cryptocurrencies. Livly issued a press release revealing the new feature and said that the firm is revolutionizing apartment living.
Livly will be accepting Bitcoin (BTC) and Ethereum (ETH) as rent payment. The firm said that it will be combining frictionless property technology with the latest blockchain technology to address residents’ increasing need for more convenient rent payment options.
“We want to offer residents who have cryptocurrency an additional option to pay their bills with the method they prefer. We are always looking for ways to enhance and expand resident convenience” said Livly founder, Alex Samoylovich.
This step is somewhat similar to the decision of the real estate giant Jamestown to Accept Rent Payments in Crypto via BitPay.
Lively has partnered up with another app called ManageGo which provides a bridge between landlords and their tenants. This app will assist landlords to get rent payments directly in crypto.
The occupants can use the app and pay rent digitally in order to send crypto directly. BTC, ETH and Litcoin are accepted in ManageGO.
However, Livly will be offering an option for landlords to receive rent payment in US dollars as well. Tenants can pay their rent via crypto, then Livly’s expanded digital payments option will pay landlords in US dollars.The company also revealed the plans to find partnerships with popular and reliable crypto exchange platforms.
“Livly has always been at the forefront of innovative proptech. It only makes sense for us to be the first resident mobile app to accept cryptocurrency for our residents nationwide,” said Livly’s CEO, Brian Duggan.
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