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    Author Topic: Paying house rent with bitcoin is it appropriate?  (Read 1562 times)
    Zlantann
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    January 16, 2024, 05:13:21 PM
    Merited by Nwada001 (3)
     #21

    Glancing through the article https://cointelegraph.com/news/bitcoin-rent-agreement-argentina-landlord-tenant one would conclude adoption is striving in Argentina. Paying for a house with bitcoin sounds to me a mistake or lack of financial knowledge. Bitcoin is better than Fiat. Bitcoin increases in value and fiat faces inflation. Why then would one spend Bitcoin instead of fiat on a house rent which may expire in few years? Accommodating the Bitcoin can birth the person more money to pay his next house rent. But fiat wouldn't add any interest in the bank. Moreover the house owner will not hold the Bitcoin.


    I will be pleased that my landlord is receiving Bitcoin as payment for rent if I earn in Bitcoin. This will save me the cost of changing it to fiat and transferring it to my landlord. I am happy to hear such news coming from Argentina a few months after a Bitcoin-friendly law was enacted. Gradually Bitcoin adoption is improving in the second biggest economy in Latin America.    

    It is a matter of choice whether the both party agreed to receive payment in fiat or bitcoin the major problems should be that since bitcoin is not legalized over there let it not lead into problems maybe who knows if it was prohibited over there or not. I don't care whatever someone uses his bitcoin to do, bitcoin is meant for spending and it's serving it purpose and no one should held down for spending their bitcoin and if i may asked do you know how much bitcoin is in his possession? Someone may have some thousands of bitcoin and decides to be spending them whenever or however he wants without anyone limiting him.
    Bitcoin is legal in Argentina. There is a current law that endorses the use of Bitcoin in legally binding contracts and it is now recognised by Argentine courts. This further entails that Bitcoin is recognised as a valid currency in official contracts. So this agreement between the landlord and tenant is backed by the law.  

    R


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