Livly, a new app, now allows users to pay their rent in various crypto. The app was designed to provide a forum for apartment complexes’ residents to share their experiences. The firm behind it claims to be transforming apartment life as an early Web3 adopter.
“By accepting cryptocurrency for rent payments, namely Bitcoin (BTC) and Ethereum (ETH), Livly will combine frictionless property technology with the most up-to-date blockchain technology to meet tenants’ rising desire for more flexible and easy-to-use rent payment choices.”
Landlords may still be paid in US dollars via the app. “Actively exploring relationships with globally respected crypto exchange sites to ensure optimal dependability and security,” they claim.
Rent payment in crypto: Will the users adopt that method?
“We aim to provide residents who have cryptocurrency an extra choice to pay their bills with the way they want,” Livly Founder Alex Samoylovich stated. We’re continually searching for methods to improve and broaden the convenience of our residents.”
“One of Livly’s major assets is in our ability to grow, meet, and exceed the expectations of our apartment communities utilizing current technology,” stated Brian Duggan, CEO of Livly. Livly has always been on the cutting edge of proptech innovation. It’s only natural for us to be the first resident mobile app in the country to take cryptocurrencies.”
Livly has joined another app that allows landlords to request rent in cryptocurrency. The ManageGo web platform connects building managers or landlords with their renters.
Coinbase’s application programming interface is used by ManageGo (API). Users benefit from real-time currency rates, while renters and landlords benefit from correct conversions.
Thirty-five percent of Americans now rent their homes. Renters account for 44.1 million households. However, 10.5 percent of all homes are unoccupied. Renters are 89.9% more likely than homeowners to fall behind on their rent compared to homeowners who pay their mortgage.