19 Mar Noyack Logistics Income (NLI) Became the First REIT to Accept Crypto Payments
The US real estate investment trust – Noyack Logistics Income (NLI) – partnered with BitPay to embrace cryptocurrencies as a payment method. Moreover, the company became the first in its field to accept settlements of this type.
NLI Jumps on the Bandwagon
The latest organization to enable cryptocurrency settlements is the American alternative investment platform – Noyack Logistics Income. After a collaboration with BitPay, it allowed investors to fund their commitment with the following assets: Bitcoin (BTC), Ethereum (ETH), Dogecoin (DOGE), Litecoin (LTC), Bitcoin Cash (BCH), Shiba Inu (SHIB), Wrapped Bitcoin (WBTC) and five USD-pegged stablecoins (USDC, BUSD, DAI, GUSD, and USDP).
By doing so, NLI became the first REIT firm to embrace digital currencies as a means of payment. CJ Follini – CEO of the company – described the initiative as an “essential way to connect with today’s investors.”
The entity further explained that clients can divide their investments between crypto and fiat currency. To do that, they should select their preferred wallet or exchange, choose a digital asset, and scan a QR code.
Stephen Pair – CEO of BitPay – said the endeavor is another “example of moving crypto mainstream.” The exec predicted that investors will spend billions of dollars in digital assets in the next year:
“We see more investors asking to move cryptocurrency allocations into physical assets like real estate. This ability puts Noyack at the forefront of alternative investment management. 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.”
Renowned Companies Accepting Crypto
The list of firms embracing the asset class as a payment method keeps growing. With that said, it is worth mentioning some of the most famous among them.
Earlier this month, the world’s leading movie chain – AMC Theaters – announced it now accepts Dogecoin and Shiba Inu for online settlements for tickets. Before that, the entertainment company embraced Bitcoin, Ethereum, Litecoin, and Bitcoin Cash.
The German fashion firm – Philipp Plein – is also part of that league. Last year, its CEO disclosed that customers can pay for clothes, shoes, and other products in 15 different cryptocurrencies. Additionally, the executive admitted he is a keen supporter of the asset class.
Arguably the most popular organization from that list is the electric car manufacturer – Tesla. In January, it enabled Dogecoin payments for its products. It is also no secret that its CEO – Elon Musk – is a huge fan of the first-ever memecoin.
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