Ethereum Real Estate

Image sourced from Bitcoinist. Quorum Holdings, an affordable residential and student housing specialist is the first property firm in South Africa to accept rental deposits in cryptocurrency tokens and to allow prospective tenants to potentially benefit from an increase in value. While rental deposits are standard practice in South Africa, tenants do not usually benefit from the money being held by their landlords, and deposits can be held for several years, depending on the lease. Quorum says that it has a growing portfolio expected to reach around 3,000 residential units in Johannesburg over the medium term and another 5,000 beds in student accommodation through a subsidiary Urban Circle, the business owns and manages a portfolio of properties. Saul Mayers, Group Legal of Quorum Holding...