Rentible.io: A First-Mover Platform Enabling Crypto-Payments between Tenants and Landlords Introduces Deposit Smart Contract to Tackle “Let-and-Run” Schemes
Rentible.io, a next-generation proptech platform aiming to advance the move towards a decentralized sharing-economy and making blockchain use-cases in its respective sector more mainstream-accessible, has passed yet another milestone with the release of its novel deposit smart contract.
The platform, aimed to be launched in Q4 and which will make it possible for tenants and landlords to conveniently send and receive rent payments in different cryptocurrencies with increased privacy protection while optimizing outdated market verticals via the deployment of DeFi principles and trustless smart contracts, puts additional emphasis on protecting market participants from online “let-and-run” fraud, reducing costs through disintermediation, and serving as a gateway for both blockchain enthusiasts and less-savvy users.
As part of its recent milestone checkmarks, Rentible was recently whitelisted by Bancor with a co-investment of 100K BNT (approx 350.000$) by Bancor DAO, as well as listed on Bittrex Global – a top 20 CoinMarketCap exchange, both quite rare achievements for a young and still under-the-radar project, further demonstrating Rentible’s long-term potential as a nextgen accommodation dapp operating on a global scale.
“In a similar way to how sharing-economies like Uber, Lyft, or Airbnb reshaped industries and consumer behaviour in the previous decade, we are now witnessing a core transformation of IT foundations via the growing mainstream adoption of new economic doctrines and concepts based on decentralized characteristics, laying the groundwork for the next evolutionary step of IT implementations in general and of community-based or decentralized sharing-economies in particular, which will constitute an integral part of the sharing-economy reaching $335B in 2025 projection.
If you’re a landlord renting out a property, had you received your rent payments in Bitcoin rather than in Fiat throughout 2020, your actual yield would have quadrupled if not more in 2021. This sounds obvious to crypto savvy enthusiasts, yet we need to remember that most landlords and homeowners worldwide, many of whom are actually very interested to venture into crypto and receive rent in BTC, ETH or other cryptocurrencies, don’t know even how to open a wallet, and this is something Rentible aims to help them with and be a facilitator of”, – Lupu Dror, CEO at Rentible.io.
Founded by a team of seasoned Proptech entrepreneurs and experienced developers, and built upon the award-winning Lakotarsak platform and its partnering site RoomMatesUK, the vision of an autonomous, transparent, intuitive platform that will inject the industry-disruptive capabilities of blockchain technology into Proptech is the compass guiding Rentible’s trajectory as it sets to assume the position of a first-mover in the highly energetic sector of mid-to-long-term online rentals, paving the way for other nextgen ventures to follow its footsteps into this massive yet untapped multi-trillion space.