The first real estate investment trust (REIT) to accept cryptocurrencies for shares, has also adopted the meme-inspired cryptocurrencies Shiba Inu ($SHIB) and Dogecoin ($DOGE), as part of a partnership with crypto payments processor BitPay.
Noyack Capital Partners Announcement
NOYACK Logistics Income (NLI), a REIT investing in supply chain real estate sponsored by NOYACK Capital, is now accepting cryptocurrency payments for shares via a partnership with BitPay.
“This partnership as an essential way to connect with today’s investors to include investment real estate and cryptocurrency in their retirement accounts,” observes CJ Follini, CEO of NOYACK Capital.
The cryptocurrencies the REIT accepts include the meme-inspired assets as well as BTC, BCH, ETH, LTC, WBTC, and leading stablecoins like BUSD, USDP, DAI, and GUSD.
BitPay’s CEO Stephen Pair Statement
“This is another example of moving crypto mainstream. We see more investors asking to move cryptocurrency allocations into physical assets like real estate. This ability puts Noyack at the forefront of alternative investment management.”
Stephen Pair also included an estimation:
“The market potential for crypto adoption bridging into the physical world is huge. We estimate, $55 Billion in purchases and investments using cryptocurrency in the next 12 months.”
BitPay – Successive steps in crypto payment Integration
BitPay is one of the oldest cryptocurrency companies. As a pioneer in blockchain payment processing, the company’s mission is to transform how businesses and people send, receive, and store money. Its solutions eliminate fraud chargebacks, reduce the cost of payment processing, and enable borderless payments in cryptocurrency. BitPay offers consumers a complete digital asset management solution that, enable them to turn digital assets into dollars.
Biggest U.S. movie theater chain AMC has iincluded two meme-inspired cryptocurrencies, Shiba Inu ($SHIB) and Dogecoin ($DOGE) as payment methods. AMC’s CEO Adam Aron who shared the news of crypto acceptance conveyed huge thanks crypto payments processor BitPay for its support.
AMC’s CEO Adam Aron said that “A special shout out to @BitPay for helping us to make this happen.”
Start of this month Australian energy firm 1st Energy started accepting cryptocurrency payments through BitPay as well. The firm also accepts payments in the meme-inspired tokens DOGE and SHIB.
From the source of coinmarketcap, Shiba Inu price trading at $0.000024 and it is up 7.38% in the last 24 hours. Dogecoin price trading at $0.122532 USD and It is up 3.48% in the last 24 hours.
Get the latest Crypto & Blockchain News in your inbox.