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Gig Harbor developer plans to accept cryptocurrencies

Digital currencies can be used for real estate offerings

By Alexis Krell, The Peninsula Gateway
Published: January 10, 2022, 5:48pm

GIG HARBOR — A Gig Harbor-based developer plans to start taking cryptocurrency as payment for its real estate later this month.

Harbor Custom Development Inc. will accept “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 beginning Jan. 24, 2022,” it said in a recent news release.

The company plans to take Bitcoin, Ethereum, USD Coin, XRP, Dogecoin, SHIBA INU, Binance USD, Wrapped Bitcoin, Litecoin, Dai, Bitcoin Cash, Pax Dollar & Gemini Dollar.

“Acceptance of digital currencies for our real estate offerings is a logical step for Harbor and demonstrates our flexible business model that separates us from our industry peers,” chief operating officer Jeff Habersetzer said in the release.

Harbor Custom Development operates around Puget Sound, as well as in Sacramento, Calif.; Austin, Texas; and Punta Gorda, Fla.

Its website recently advertised homes in Tacoma, Bremerton, Belfair, Blaine, Texas and California.

“By accepting digital currencies, Harbor not only opens the door to entities with combined market caps exceeding $1 trillion of purchasing power, but places Harbor in a first mover position of adoption,” Sterling Griffin, president and CEO, said in the release.

Harbor Custom Development’s current projects:

  • Soundview Estates, Bremerton: 25 homes
  • Mills Crossing, Bremerton: 36 townhome apartments under construction
  • Pacific Ridge, Tacoma: 80 condominiums under construction
  • Wyndstone, Yelm: 76 apartments units under construction
  • Olympic Sunset View Apartment Project, Belfair: 226 units under construction
  • Tanglewilde, Olympia Apartments: 177 under construction.
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