Basin Street Properties offers cryptocurrency payments to brokers

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Basin Street Properties announced this month that it will offer brokers the option to receive bonuses and commissions in cryptocurrencies.

Basin Street Properties, which manages seven commercial properties in Northern Nevada, including the 200 South Virginia, 50 West Liberty, and 300 East 2nd Street high-rise office properties in downtown Reno, will be among the top real estate firms in offer cryptocurrency bonuses as an alternative. payment, according to a Nov. 8 press release.


"We are constantly looking for new ways to gain efficiencies and improve the way we operate as business partners," Scott Stranzl, Basin Street portfolio director, said in a statement. "Our brokers are essential in helping our tenants find the right office solution for their business and providing an option to pay brokers in crypto is another way to be accommodating, innovative and a good business partner."


Brokers will have the option of being paid in the cryptocurrency of their choice through Binance, the world's largest cryptocurrency exchange. The cryptocurrency will be an additional payment option, not a replacement, according to Basin Street.


"Being an innovative company is essential in today's business environment," Stranzl said. โ€œIn all facets of our business, we look for opportunities to improve and advance. Not all new technology will stick, but we are open to testing, so we learn and ultimately find a better way. "


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