• 16 Bennett
    Cryptocurrencies,  Innovators

    Jersey City development tries to lure renters by allowing crypto payments

    Will allowing tenants pay in crypto get them to move to the West Side?

    A new development in Jersey City is trying to entice tech savvy renters by giving them the ability to pay rent with cryptocurrencies. The 63-unit building, located at 16 Bennett Street, is set up with Coinbase Commerce. According to the listing agents, Dan Silverman and Michael Reichel of Liberty Realty, residents have the option of setting up their own wallet specifically designated for their unit. When it’s time to pay up, the account automatically deducts the equivalent in bitcoin, ether, Bitcoin Cash, or Litecoin. Silverman told Modern Consensus that the building was planning to use Litepay but that was obviously scrapped. Silverman also said the building’s owner would probably keep…