Cardano Adoption: ADA Will Soon Be Available To Rent an Apartment in Malta
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,...
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.
Read Also: Simplex Integrates Cardano to Make ADA Purchase Seamless With Credit or Debit Cards and Apple Pay
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.”
Read Also: Crypto Trader Aaron Arnold Reveals Why He Remains Bullish On Cardano (ADA) in this Bull Cycle
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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Tobi-Loba is a creative and an award-winning writer with over 5 million readers from all over the world. She has B.A in English and Literature from a reputable University and currently studying for her M.A in the same field. She recently became a contributor at Herald Sheets in order to satisfy her thirst in reporting crypto and blockchain occurrences, the interest she built over the years.
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