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Cardano (ADA) Makes Its Real Estate Debut in Malta

  • Cardano (ADA) enters the real estate field.
  • Dreamflats Ltd will soon accept ADA from renters for an upcoming apartment complex in Malta.
  • The apartments will be available for renting once it reaches completion in early 2022.

Cardano adoption is making its debut in the real estate industry. Home renters can soon use ADA to rent an apartment in Malta. Specifically, Dreamflats Ltd just announced the exciting news via a press release.

In particular, the Maltese property company says that Cardano (ADA) holders can begin renting out apartments in the stylish and modern Mercury Towers complex. Moreover, Zaha Hadid Architects designed Mercury Towers. Hence, Cardano holders could have a leg-up on getting their hands on this exquisite new property.

However, the apartments are still under construction and will only be available to rent upon their completion scheduled in the first quarter of 2022.

Additionally, the price for these rental apartments is still unconfirmed. Although, due to ADA to fiat conversion rates, renters must be prepared for fluctuating prices.

Furthermore, all revenue generated by ADA payments will be disclosed to Malta Tourism Authority. More so, the Maltese rental legislation requires tax. This will be paid in Malta’s fiat currency — EUR.

Cardano’s fans are repeatedly praising ADA for its various features and strong utility cases. Malta’s real estate is one of the first to fully embrace crypto. Perhaps we will soon see more adoption of ADA. Cardano creator, Charles Hoskinson, is looking forward to welcoming many more users onto the Cardano network.