Omni, the rentals and items management startup now pays users in XRP.
Speaking to TechCrunch, Omni’s founder and CEO, Tom McLeod is confident of their strategy, citing, “I think any company scaling today has to have a crypto strategy. This is the start of ours.”
The company will pay users who rent their unused items via their platform using the $25 million XRP they received from funding last January. However, users are free to choose USD if they prefer to be paid in fiat than cryptocurrency.
Both Omni and users can be benefited with the new payment method. Omni can reduce the transaction fees, while users can grow their investment portfolio only by renting their unused items.
Quoting the CEO, “In every other crypto investment scenario, you have to risk your cash — this way you can put items you already own to work for you and have them earn XRP while you relax. With this integration, you can basically double dip on ownership-as-investment by both unlocking liquidity early and investing some or all of the proceeds back into the crypto markets.”