Post
Topic
Board Bitcoin Discussion
Re: Paying house rent with bitcoin is it appropriate?
by
Nothingtodo
on 30/01/2024, 01:43:02 UTC
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.


Since cryptocurrency is legalized in Argentina, Bitcoin can be used as a medium of exchange for any product. Since there are objections to using fiat and the potential for inflation, it makes sense to authorize rent through Bitcoin. Exchange of house rent, car rental and other daily necessities through Bitcoin certainly has many advantages over fiat.