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    • Billionaire Rick Caruso’s real estate firm said it will start accepting bitcoin as rent payment.
    • The company also announced that it partnered with Gemini, a cryptocurrency exchange and custodian.
    • “I believe bitcoin and cryptocurrency will play an important role in our collective future,” Caruso said.

    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.

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