BOND New York will accept payment in Bitcoin

From left: BOND New York’s co-founders Bruno Ricciotti and Noah Freedman and the Bitcoin logo

Manhattan-based brokerage BOND New York is joining the Bitcoin rush. The firm will now accept the burgeoning online currency as payment for real estate transactions, it said in a statement today.

“Bitcoin is a convenient and inexpensive way for our customers to transfer money,” BOND co-founder Noah Freedman said in the release, “so we see it as a win-win situation which will impact the real estate industry.” Brian Dusseau, an agent at BOND, said that some agents at the firm had also expressed interest in being compensated in Bitcoin.

BOND isn’t the first industry player to embrace Bitcoin. Last month, online apartment search marketplace RentHop said that it would accept the currency from landlords and brokers advertising New York City apartments for rent, and would even give BitCoin users a 60 percent discount over those using dollars.

Homeowners too, are warming up to the cryptocurrency. In May, a seller at Trump Soho insisted that it was the only mode of payment he would accept for his home.

Bitcoin currently trades at around $770, but was trading at about $950 last month. — Hiten Samtani

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