Canadian developer Ray Junior Courtemanche, a former professional stock car racer, says “the timing was right” to accept cryptocurrencies for a condo project near Montreal. He might want to do some more research next time.
Courtemanche said in a news release last week that he teamed up with Dello, a Montreal fintech company, to process crypto payments for units at SKYBLÜ Condos, 30 miles north of the city. His announcement came after the global crypto market lost almost $2 trillion in value since November, costing the jobs of about 1,700 crypto exchange employees in June alone.
“I was just waiting for a simple and effective way to be able to accept crypto, and today, the solution exists and it’s from Quebec!” he said in the statement punctuated by three exclamation points. “At this point, I was sold on that idea,” he said, adding, “Lots of people would benefit from crypto and blockchain technology, including those in real estate.”
While public awareness of cryptocurrency is growing,...
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