Benzinga | Dec 17, 2021 08:31AM EST

Harbor Custom Development Reports Acceptance Of Bitcoin, 12 Other Digital Currencies For Its Real Estate

Harbor Custom Development, Inc. (NASDAQ:HCDI, HCDIP, HCDIW, HCDIZ))) ("Harbor," "Harbor Custom Homes(r)," or the "Company"), an innovative and market leading real estate company involved in all aspects of the land development cycle, today announced it anticipates accepting Bitcoin and twelve other digital currencies as payment for its listed land, developed lots, residential homes, condominiums, and apartments in the Company's operating markets in Washington, California, Texas, and Florida beginning January 24, 2022.

In addition to Bitcoin, the Company will also accept: Ethereum, USD Coin, XRP, Dogecoin, SHIBA INU, Binance USD, Wrapped Bitcoin, Litecoin, Dai, Bitcoin Cash, Pax Dollar & Gemini Dollar. Prior to the January 24, 2022 launch date Harbor may add or subtract certain digital currencies from the aforementioned approved list based on market conditions. All real estate transactions will be settled in U.S. dollars.

"Acceptance of digital currencies for our real estate offerings is a logical step for Harbor and demonstrates our flexible business model that separates us from our industry peers," says Harbor Chief Operating Officer Jeff Habersetzer. "By accepting digital currencies, Harbor not only opens the door to entities with combined market caps exceeding $1 trillion of purchasing power, but places Harbor in a first mover position of adoption. We anticipate taking additional steps to further our presence and adoption of Web 3.0. Our clear objective is to drive shareholder value while acting as the thought leader within our industry group." Stated Sterling Griffin, President and CEO of Harbor Custom Development, Inc.