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Some L.A. Apartments, Stores Can Now Pay Rent in Bitcoin Rick Caruso, a Los Angeles developer, is now accepting Bitcoin for retail and apartment rent payments at several of his properties. Caruso is also developing a shoppers reward program that uses blockchain technology. Roger Vincent, Los Angeles Times | April 8, 2021 | News (TNS) Developer Rick Caruso is known for his lavish outdoor malls, luxe seaside resort near Santa Barbara, Calif., and stewardship of USC as chair of the board of trustees. Next up: He s planning to make a splash in cryptocurrency. In what may be a real estate industry first, bitcoin will now be accepted for retail and apartment rent at the Grove shopping center and other properties owned by Caruso. The Los Angeles real estate magnate is planning other digital efforts such as using blockchain technology to support a new rewards program for shoppers. ....
Print Developer Rick Caruso is known for his lavish outdoor malls, luxe seaside resort near Santa Barbara and stewardship of USC as chair of the board of trustees. Next up: He’s planning to make a splash in cryptocurrency. In what may be a real estate industry first, bitcoin will now be accepted for residential and commercial rent at the Grove shopping center and other properties owned by Caruso. The Los Angeles real estate magnate is planning other digital efforts such as using blockchain technology to support a new rewards program for shoppers. One of his first tenants to pay in bitcoin may be Elon Musk, chief executive of Tesla Inc., who operates a store selling Tesla electric cars at the Americana at Brand center in Glendale. ....
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