Properties on the Alvic Property Management platform are now be able to accept Bitcoin payments without the risk of chargebacks or bounced e-checks. All properties managed by Alvic Property Management are currently accepting Bitcoins. Residents initially need to reach out to their property manager to have their account enabled to accept Bitcoin, they will then be able to then make payments to a Bitcoin address exclusive to their account. All Bitcoin payments will post to the property bank account in USD at the quoted bid price on the Mt.Gox Bitcoin exchange at the time of receipt.
Bitcoin is a descentralized digital currency and payment network, with a current market price of around USD 35 per Bitcoin. The currency is controlled by cryptography rather than by any corporation or central bank. Created as an open-source software project, Bitcoin enables users to transfer funds instantly to any other Bitcoin account holder in the world.
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