NOYACK Logistics Income (NLI) is the first real estate investment trust (REIT) company to accept cryptocurrency through a partnership with BitPay. This was revealed By Bitpay in a post on Twitter.
A real estate investment trust (REIT) is a corporation that owns and manages income-producing real estate and related assets.
NOYACK Logistics Income (NLI), a REIT that invests in supply chain real estate sponsored by NOYACK Capital, has partnered with BitPay to accept cryptocurrency payments for shares.
A Worthwhile Partnership
As a result of this partnership, NLI became the first REIT to take cryptocurrencies. NLI is also one of the first alternative investment offerings and the first REIT to join with BitPay, a renowned crypto payment service provider.
This development will allow investors to convert digital money into hard asset ownership with ease.
This partnership is a crucial way to connect with today’s investors to include investment real estate and cryptocurrency in their retirement accounts,” said CJ Follini, CEO of NOYACK Capital.
The BitPay payment integration by NOYACK is a first for structured commercial real estate investment. Investing in both crypto and regular currencies becomes an option for investors. They choose their preferred wallet or exchange, pick a cryptocurrency, scan a QR code, or manually enter payment information. It can be completed quickly and easily on a mobile device.
This partnership with BitPay will allow investors to fund their investment with Bitcoin (BTC), Bitcoin Cash (BCH), Dogecoin (DOGE), Ethereum (ETH), Litecoin (LTC), Shiba Inu (SHIB), Wrapped Bitcoin (WBTC), and five USD-pegged stablecoins (BUSD, DAI, GUSD, USDC, and USDP), thereby boosting crypto adoption.
According to BitPay CEO Stephen Pair, the cooperation arose as more investors sought to diversify their cryptocurrency holdings into physical assets such as real estate
This is another example of moving crypto mainstream. More investors are asking to move cryptocurrency allocations into physical assets like real estate. This ability puts Noyack at the forefront of alternative investment management,” said Stephen Pair, CEO of BitPay.
“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.
Shiba Still Being Burned
Over half a billion SHIB have been burned in the last 24 hours, according to Shibburn. According to the website, $98,032,837 SHIB were burned, with the burn price increasing by more than 1,892 percent.
Previously, it was revealed that an anonymous crypto whale purchased 271,370,420,624 SHIB, which was valued at $6,143,035 at the time of purchase.
The SHIB value had dropped 2.25 percent since March 17, when it reached a high of $0.00002281. At the time of writing, it was buying and selling at $0.00002192.
Shiba Inu is still consolidating in a good range, indicating that a significant value shift could be on the way.