Crypto rent rewards platform MegPrime launches in the Triangle. What’s the catch?

A Dallas startup called MegPrime has launched nationwide, including in Raleigh and Durham, promising renters monthly cash rewards and homeownership credits when they pay rent using cryptocurrency. But housing advocates and the North Carolina attorney general’s office urge caution about the crypto-based model.

FULL STORY: ‘Crypto-powered’ rent rewards arrive in the Triangle. What to know.

Here are key takeaways:

• MegPrime says renters can earn 2% back on rent, up to $100 a month, with “Max Reward” partner properties offering $500 to $800 monthly. Partner properties include Lexington Farms Apartments and Hudson at Georgia’s Landing.
• Renters pay rent through the app using USDC, a stablecoin, or MegPrime’s own volatile cryptocurrency. Every dollar paid earns a “homeownership point” that can be redeemed for up to $12,000 toward a home purchase.
• The down payment credit only applies if renters buy through MegPrime’s own brokerage and mortgage company. Fewer than 50 renters were paying rent through the app at the time of the interview, though the company claims a 10,000-person waitlist.
• Nick MacLeod of the North Carolina Tenants Union questioned the program’s sustainability and noted MegPrime can change reward tiers at any time, which could affect renters making decisions about affordability.
• The North Carolina attorney general’s office said it had received no complaints about MegPrime as of May 29 but urged consumers to be cautious with cryptocurrency offers that seem “too good to be true.”

The summary points above were compiled with the help of AI tools and edited by real estate reporter Chantal Allam and business editor Dave Hendrickson. The full story in the link at top was reported and written by Chantal Allam and Renee Umsted.

This story was originally published June 10, 2026 at 10:23 AM.