Developer to accept cryptocurrency as payment for real estate purchases in Kitsap

Buyers and investors will soon have an option to pay by multiple cryptocurrencies for several real estate development projects located in Kitsap County.

Harbor Custom Development Inc., a Gig Harbor-based real estate company, announced it will accept Bitcoin and some other cryptocurrencies as payment for buyers who purchase the company’s real estate assets in Washington state, including its projects in Kitsap County, beginning Jan. 24.

Cryptocurrency is a type of digital currency in which transactions are maintained and recorded by a decentralized system written in computer codes.

Harbor Custom Development Inc. will also accept digital currencies as payment for its projects in California, Texas, and Florida after Jan. 24. Homebuyers or investors who are interested can contact the project’s listing broker, and the broker will walk them through the purchasing process, according to the company.