REIT is the first real estate investment fund to accept the purchase of shares in cryptocurrencies, as it announced the start of its acceptance of SHIB and DOGE, and this came as a kind of partnership with BitPay to process digital payments.
According to a press release, REIT NOYACK Logistics Income (NLI) is agreeing to sell shares for crypto via bitpay. Cryptocurrencies accepted by REITs are BTC, Doge, SHIB, BCH, ETH, LTC, WBTC and some stablecoins such as BUSD, USDP, DAI and GUSD.
BitPay CEO Stephen Bayer stated: “This is yet another example of cryptocurrency trending the economy as we see more investors asking for the availability of buying and selling cryptocurrencies, such as moving money in real estate. .alternative”.
He added that “the potential in the digital currency market in the physical world is huge” adding that the company is estimating $55 billion in “purchases and investments using digital currency in the next 12 months”.
CryptoGlobe said that Australian energy company 1st Energy, along with BitPay, also started accepting crypto payments earlier this month.
Popular American theater chain AMC recently announced SHIB and DOGE payment options via BitPay, and AMC CEO Adam Aaron announced that it has provided digital payments to help with subscription purchases.
Chiba’s coin burn rate has risen to over 6700% and it’s worth noting that it has recently increased significantly after burning over 745 million coins in just 24 hours. Effectively removing cryptocurrencies from circulation.