Harbor Custom Development, Inc. Announces Acceptance of Bitcoin and 12 Other Digital Currencies for its Real Estate
January 24 2022 - 9:30AM
Harbor Custom Development, Inc. (Nasdaq: HCDI, HCDIP, HCDIW, HCDIZ)
("Harbor," "Harbor Custom Homes®," or the "Company"), an innovative
and market leading real estate company involved in all aspects of
the land development cycle, announced today it will accept
Bitcoin and 12 other digital currencies as payment for its
listed land, developed lots, residential homes, condominiums, and
apartments in the Company's operating markets in Washington,
California, Texas, and Florida.
In addition to Bitcoin, the Company also
accepts: Ethereum, USD Coin, XRP, Dogecoin, SHIBA INU, Binance USD,
Wrapped Bitcoin, Litecoin, Dai, Bitcoin Cash, Pax Dollar and Gemini
Dollar. Harbor uses a third-party company that converts
cryptocurrencies to U.S. dollars and those funds are sent to escrow
to close the transaction. All real estate transactions are settled
in U.S. dollars.
“The blockchain is a transformative and
disruptive technology that is rapidly gaining acceptance globally.
It is without question a significant step forward for the Company
to offer our real estate products and services to individuals and
institutions that represent over $1.5 trillion in purchasing
power,” stated Sterling Griffin, President and CEO of Harbor Custom
Development, Inc.
“We embrace the technological advances in our
industry and seek to guide their impact in the future. Harbor is
excited to be the first national homebuilder and land developer to
introduce our portfolio to the worldwide cryptocurrency market with
more than 200 million users.” Stated Jeff Habersetzer, Chief
Operating Officer at Harbor Custom Development, Inc.
About Harbor Custom Development, Inc.
Harbor Custom Development, Inc. is a real estate
development company involved in all aspects of the land development
cycle including land acquisition, entitlements, construction of
project infrastructure, home building, marketing, sales, and
management of various residential projects in Western Washington's
Puget Sound region; Sacramento, California; Austin, Texas and Punta
Gorda, Florida. As a land developer and builder of apartments,
condominiums, single-family homes and luxury homes, Harbor Custom
Development’s business strategy is to acquire and develop land
strategically based on an understanding of population growth
patterns, entitlement restrictions, infrastructure development, and
geo-economic forces. Harbor focuses on acquiring land with scenic
views to develop and sell residential lots, new home communities,
and multi-story condominium and apartment properties within a 20 to
60-minute commute of the nation’s fastest-growing metro employment
corridors. Harbor is leading the real estate industry as the first
national land developer and home builder accepting offering payment
in the form of cryptocurrency for its listed land, developed lots,
residential homes, condominiums, and apartments. For more
information on Harbor Custom Development, Inc., please visit
www.harborcustomdev.com.
Forward-Looking Statements
Certain statements in this press release
constitute "forward-looking statements" within the meaning of the
federal securities laws. Words such as "may," "might," "should,"
"believe," "expect," "anticipate," "estimate," "continue,"
"predict," "forecast," "project," "plan," "intend" or similar
expressions, or statements regarding intent, belief, or current
expectations, are forward-looking statements. These forward-looking
statements are based upon current estimates and assumptions. While
the Company believes these forward-looking statements are
reasonable, undue reliance should not be placed on any such
forward-looking statements, which are based on information
available to us on the date of this release. These forward-looking
statements are subject to various risks and uncertainties,
including without limitation those set forth in the Company's
filings with the Securities and Exchange Commission. Thus, actual
results could be materially different. The Company expressly
disclaims any obligation to update or alter statements whether as a
result of new information, future events or otherwise, except as
required by law.
Investor Relations
Hanover International
IR@harborcustomdev.com
866-744-0974
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