By Tobi Loba
As a report has it, it is now official that Maltese property company Dreamflats Ltd will start accepting rental contracts with payments in the 5th largest cryptocurrency by market cap, Cardano (ADA).
According to a press release by Dreamlead, the apartments that will be available for Cardano (ADA) holders will be situated in the hyper-modern complex of Mercury Towers, designed by Zaha Hadid Architects.
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The report added that the apartment is currently under construction and to be completed in the first quarter of 2022. So, the price is yet to be revealed. However, it should be expected that prices may fluctuate depending on the Cardano (ADA) to Fiat conversion rates.
The report reads in part as follows:
“Rental price in ADA will be set upon completion of apartments, and price may vary due to price fluctuations.
All revenue generated from ADA will be disclosed to Malta Tourism Authority according to law, and taxes will be paid as per Maltese rental legislations, in Maltas fiat currency: EUR.”
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As stressed by Zamsino, Dreamflats Ltd will be the first non-digital company to accept digital currencies as a means of payment in Malta. This raises the hope of seeing more businesses follow in accepting crypto for physical products and services.
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