Billionaire Rick Caruso's real estate firm announced that it will start accepting bitcoin as rent payment - a first within the global residential and retail space. Caruso, one of the largest real estate companies in the US, is the latest in a growing list of major institutions from Tesla to PayPal that have begun to accept the digital asset as a form of payment, subject to applicable laws, the company said on Wednesday. The Los Angeles, California-based company also announced that it invested part of its treasury management in bitcoin, similar to what Jack Dorsey's Square did in October last year, and partnered with Winklevoss-founded Gemini, a cryptocurrency exchange and custodian. This partnership intends to bring cryptocurrency, non-fungible tokens, and blockchain applications to Caruso properties as a way to engage their millions of visitors, the company said, "I believe bitcoin and cryptocurrency will play an important role in our collective future," Caruso said in a statement. The executive also said that he hopes to enhance...read more...