Noyack Logistics Income (NLI), a US real estate investment trust, partnered with BitPay in order to accept cryptocurrency as a payment method. The company was also the first to accept these types of settlements.
NLI jumps on the bandwagon
Noyack Logistics Income, an American alternative investment platform, is the latest to allow cryptocurrency settlements. It was established in collaboration with BitPay and allowed investors to finance their commitment using the following assets: Bitcoin (BTC), Ethereum(ETH), Dogecoin [DOGE], Litecoin (“LTC”), Bitcoin Cash (BCH), Shiba Inu” (SHIB), Wrapped Bitcoin” (WBTC) as well as five USD-pegged stablecoins: USDC, BUSD DAI, GUSD and USDP.
NLI was the first REIT company to accept digital currencies as a payment method. CJ Follini, CEO of NLI, described the initiative to be an “essential way for investors to connect.”
Further, the entity explained to clients that they can split their investments between fiat and crypto. They will need to choose their preferred wallet, select a digital asset and scan a QR code.
BitPay CEO Stephen Pair said that the venture is yet another example of crypto mainstreaming. He predicted that in the next year, investors will invest billions in digital assets.
We are seeing more investors ask to convert cryptocurrency allocations into tangible assets such as real estate. Noyack is a leader in alternative investment management. There is great potential for cryptocurrency adoption and bridging to the real world. In the next 12 month, we estimate that there will be $55 billion worth of cryptocurrency investments and purchases.
Recognized Companies Accept Crypto
The number of companies that embrace the asset class as a method to pay keeps growing. It is worth noting some of the most well-known.
AMC Theaters, the world’s largest movie chain, announced earlier this month that it now accepts Shiba Inu and Dogecoin for online ticket payments. The entertainment company had previously accepted Bitcoin, Ethereum and Litecoin as well as Bitcoin Cash.
Philipp Plein, a German fashion company, is also a member of this league. Its CEO revealed last year that customers could pay for clothes, shoes and other products using 15 different cryptocurrency. The executive also admitted that he supports the asset class.
The electric car manufacturer Tesla is probably the most well-known organization on that list. It enabled Dogecoin payments in January for its products. It’s also not a secret that Elon Musk, the CEO of the company, is a big fan of the first ever memecoin.
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