Arigato Consulting, in a press release, has indicated that In Argentina, temporary rentals have increased considerably, and due to regulatory restrictions and high inflation, owners turn to cryptocurrencies as a form of payment to monetize the income.
The temporary rental market in Argentina is booming thanks to the disadvantageous conditions that the new Rental Law has imposed on owners, leaving them in crisis and discouraging the offer of traditional rental properties. As a consequence, many owners have opted for the temporary rental modality, which allows them to earn in dollars and have constant price updates.
Despite the instability and inconvenience of having to deal with new tenants and collection on a daily basis, there are several reasons that drive owners to join this trend. Among them, the possibility of charging in dollars stands out thanks to the daily dollarization of the contract, which allows them to double or triple the income of conventional rentals.
For many owners, the difficulty lies in being able to collect that income in Argentina when using international platforms such as Airbnb, Booking or Vrbo. In this sense, there are other options that allow owners to obtain funds at an unregulated dollar price. Bitwage, for example, is a platform that allows collect temporary rentals in digital dollars using stablecoins such as USDC, USDT or DAI.
With this type of fee payment platforms in cryptocurrencies and digital dollars, owners can obtain a temporary account in the United States and receive the funds in digital dollars, which can be exchanged for physical tickets without losing value in high commissions.
This solution has been well received by hosts, who highlight its agility, security and the absence of high commissions compared to other payment options.
This is a clear example of the uses that are given to cryptocurrencies, allowing any user to adapt their personal or business needs to a more versatile and inclusive cryptocurrency market.
In this sense, the statement reports that a host using this practice found in cryptocurrencies the solution to receive payments in an agile, safe and without discounts, for this reason he expresses about his experience that: “It was very good because I was finally able to receive the payment from Airbnb without losing high commissions to make it effective here”, says Adrian B.
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