Quantum Properties will accept Bitcoin for condo deposits
Quantum Properties in Abbotsford, British Columbia is the first real estate developer to tap into the digital currency, Bitcoin. The company will now accept Bitcoins as payment for their vast selection of condominiums.
President and CEO of Quantum Properties, Diane Delves said that the company is currently marketing more than 400 condominiums in Abbotsford and Port Coquitlam. “I was fascinated by the concept,” said Delves. “We have been looking at it for a while. Finally as of today, we made it official that we are going to accept Bitcoin.”
Delves says she is aware of the volatility of Bitcoin, but it is not a big concern for them. “We might win some, we might lose some. We will convert it to currency and if we suffer a loss, we will count it as a marketing cost.”
Vancouver is the first city to have a Bitcoin ATM, when a kiosk was installed at a downtown Waves Coffee in October 2013, and Quantum Properties’ head office is located right next to it. “It is good to see Vancouver at the forefront of this,” said Delves.
The company is not the first Vancouver business to jump in on the Bitcoin fever though. ClearlyContacts, an eyewear business which is also based in Vancouver, became the largest Canadian company to accept the currency last month.