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London developer to allow rental tenants to pay deposits in bitcoin

The Guardian, 1/1/0001 12:00 AM PST

The Collective says there is international demand to accept cryptocurrency, and will take it for rent payments from autumn

A London property developer is to allow its tenants to pay their deposits in bitcoin – the first time the virtual currency has been used in the UK residential homes market.

Co-living pioneer The Collective has announced that prospective tenants can pay deposits from Monday in bitcoin. By the end of this year it will also accept rent payments in the cryptocurrency. This is the first time in the UK a major property developer has enabled bitcoin payments. The Collective said it was in response to demand predominantly from international customers.

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