- Global real estate giant Jamestown, partner of Digital Currency Group, is now paying rent as a result of BitPay partnership. Shiba Inu (SHIB), Dogecoin (DOGE) and will accept other cryptocurrencies.
An investment giant focused on real estate investment and management has announced its recent strategic partnership with BitPay crypto payment processor. According to Rew-Online, the company will begin accepting cryptocurrencies for lease payments, including the meme cryptocurrencies Shiba Inu and Dogecoin.
In 2021, Jamestown also partnered with crypto world famous Barry Silbert’s Digital Currency Group to collaborate in the Metaverse space.
SHIB, DOGE, BTC etc. are now available for rental payments. assets can be used
According to Rew-Online’s statements, the partnership agreement with BitPay not only allows the platform to accept cryptocurrency payments on US-based real estate properties, but also indicates that the company is considering expanding into Europe.
Thanks to this collaboration, crypto payments will now be featured in one of the leading programs in commercial real estate.
Jamestown President Michael Phillips, in a recent interview; He stated that crypto will play an important role in the company’s plans to implement innovation through technology and virtual integration.
SHIB payments began to be accepted last year by a real estate company in the town of Santa Clara del Mar, near Buenos Aires, Argentina.
Jamestown won’t invest in crypto
BitPay, merchants and businesses bitcoin (BTC), Litecoin (LTC), Ethereum (ETH), USD-based stablecoins and dogecoin (DOGE) is a payment platform that allows it to accept payments in leading cryptos. Recently, the crypto payment processor added Shiba Inu to this list.
BitPay serves its customers by converting crypto payments to fiat money, so Jamestown does not actually buy or hold crypto.
Jamestown and Barry Silbert Metaverse partnership
The real estate giant will accept crypto payments for its U.S. properties and allow tenants to use 26 million square feet of commercial real estate, including locations such as Levi’s Plaza in San Francisco, City Market in Atlanta, and Ballston Exchange in Arlington, as well as rent payments from its employees. It is also considering launching deposit programs that will allow them to receive their salaries partially in cryptocurrencies.
Last year, the company opened One Times Square. Decentraland It had teamed up with the Digital Currency Group, led by billionaire Barry Silbert, to add it to the Metaverse.
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Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility. Finally, KoinFinans and the author of this content cannot be held responsible for personal investment decisions.