La Rosa Holdings Brings Bitcoin Payments to Real Estate Agents
Crypto meets real estate
La Rosa Holdings, a Nasdaq-listed company, is making waves by introducing Bitcoin and cryptocurrency payment options for over 3,000 real estate agents in the United States. The groundbreaking move will allow agents to receive commissions in digital assets, reflecting the growing demand for alternative payment methods in the industry.
The announcement on December 23 highlighted the company’s aim to modernize its platform, La Rosa Realty, which supports agents in managing real estate transactions and client communications. Agents will have the flexibility to choose between a 100% commission plan or a revenue-sharing model, with an added option to accept payments in cryptocurrency. A 2% fee will apply for agents opting for crypto payouts, potentially creating a new revenue stream for the company.
La Rosa Holdings has reported impressive growth, with a 155% year-over-year revenue increase, reaching $51.7 million in the first nine months of 2024. CEO Joe La Rosa emphasized the initiative’s significance, stating it aligns with market trends and agent preferences.
This innovative move mirrors efforts by major companies like PayPal and Starbucks, which have already embraced Bitcoin payments. Industry forecasts predict the Bitcoin payment ecosystem could be worth $1.83 trillion by 2030, signaling a robust future for digital transactions.
Meanwhile, publicly traded firms are increasing their cryptocurrency holdings. Quantum BioPharma recently acquired $1 million in Bitcoin, while Japan’s Metaplanet made headlines with a purchase of 620 BTC. MicroStrategy continues to lead, holding 444,262 BTC, valued at $27.7 billion.
La Rosa Holdings’ decision underscores the rising integration of cryptocurrencies across industries, setting a precedent for the future of real estate transactions.