There aren’t many apps that let you pay in cryptocurrencies – let alone ones that allow you to pay your rent with them. However, ManageGo is trying to break out of the box and let every landlord and tenant pay or get paid in Bitcoin, Ethereum and other cryptocurrencies.
The New York city-based company has begun integrating cryptocurrencies in their app. The mobile presence will give tenants the option of paying rent with crypto. Instead of holding the cryptocurrencies, ManageGo will convert them to bitcoin, litecoin or US dollars.
ManageGo Is Using Coinbase’s API
The secret to this technology lies in Coinbase’s application programming language (API) that the app embraced in order to get real-time exchange rates and ensure that both tenants and landlords receive accurate conversions.
As the vice president behind ManageGo said in an interview with Technical.ly, “We saw we could do this and take the risk out of it by converting it,”. “It would be like if someone wanted to pay with marbles and we could convert marbles overnight.”
So, ManageGo can be the one-stop destination for every landlord or tenant who wants to pay their rent in crypto. However, the company does not manage properties on their own – instead, they act as a conduit between landlords and tenants. Their feature is designed to help facilitate the process.
Paying Your Rent With Your Crypto Earnings Is Now Possible
You invested $1,000 in Bitcoin at the start of this year, and are now looking at more than $12,000. This could easily pay your rent for a couple of months – or the entire year. That being said, it’s best to see ManageGo as the app that allows you to make most of your crypto investments.
What do you think of this idea – paying your rent with crypto? Would you do it, or better save your virtual coins and spend them later?
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