The Latest Crypto Adoption: Buyers Can Pay in Bitcoin for Manhattan Retail Properties

Magnum Real Estate Group, a New York-based property management firm, would accept Bitcoin (BTC), as a payment method to purchase three ground-level shops in Manhattan that are worth close to $30 million.

The Autism Science Foundation (ASF), in addition to accepting cryptocurrency donations, announced that it will allow individuals to do so. The non-profit organization will initially accept Bitcoin (BTC), Ethereum(ETH), Dogecoin [DOGE], Litecoin [LTC], Bitcoin Cash (BCH), USD Coin ($C), and Dai.

BTC invading the Real Estate Industry

A recent report claims that Magnum Real Estate Group, one of America’s leading property management companies, would allow buyers to use bitcoin to purchase three ground-level shops valued at $29 million. BitPay, a bitcoin payment service provider, would process future cryptocurrency transactions.

The CODA shopping center is located in Manhattan’s luxurious 385 First Avenue. It has a total area of over 9,000 sq. ft. and includes M&T Bank and ProHEALTH Urgent Care.

Magnum Real Estate’s Managing Partner Ben Shaoul pointed out that the firm has previous experience selling apartments through digital assets.

Sonny Singh, Chief Commercial Officer at BitPay, explained that buyers can use bitcoin to buy the property from any part of the world, even from Hong Kong and mainland China.

Crypto is a global digital asset. To pay, the buyer scans a QR code.

The $29 million payment in BTC would make it the most expensive transaction in crypto-related real estate. The record currently belongs to a Miami Beach penthouse. An anonymous buyer paid $22.5 million digital assets in June to purchase the condo on Oceanfront.

New York City. Street Easy
SF accepts Crypto Donations

The Autism Science Foundation is another example of cryptocurrency adoption. The Autism Science Foundation, a non-profit organization dedicated to improving the lives of people with the disease, announced that it accepts donations in seven digital assets. These include Bitcoin, Ethereum and Litecoin as well as Dogecoins, Bitcoin Cash, USD Coin and Dai.

Alison Singer, Co-Founder and President ASF, expressed hope that this new opportunity would be a great benefit for those in need.

“We are delighted to include cryptocurrency in our fundraising methods, which gives individuals and companies yet another way to make an impact on the lives of autistic people.”

She also mentioned Wall Street Rides FAR’s (WSRF) fundraising. Numerous prominent crypto companies, including BlockFi, BlockFi and FTX, Paxos and Fireblocks, have pledged to sponsor the upcoming charity cycling and walking event, which has already raised more than $2 Million for the ASF.

Read More

2021's Most Anticipated Growth & Wealth-Building Opportunity

Join Thousands of Early Adopters Just Like You Who Want to Grow Capital and Truly Understand Cryptocurrency Together

Marla Brooks

Marla Brooks – Financial Analysis My name is Marla Brooks, and I am the mainstream behind the”observednews.com”  for the powerful and most delicate insights into the latest activities in the financial analysis category. I started my journey as an independent financial consultant. I had approximately nine years of experience in this field. I am free soul so; my passion for exploring the world has taken me to the nations across the globe and given me the chance to report for a portion of the best news associations. Currently, I am a full-time editor as experienced in finance and started to use my abilities.

2021's Most Anticipated Growth & Wealth-Building Opportunity

Join Thousands of Early Adopters Just Like You Who Want to Grow Capital and Truly Understand Cryptocurrency Together

Close Bitnami banner
Bitnami