NOYACK Logistics Income (NLI) Becomes First REIT To Accept Cryptocurrency

Key Takeaway:

  • NLI is the first REIT to accept cryptocurrency. It allows investors to fund their investment with cryptocurrencies to invest in REIT.

NLI is a REIT investing in supply chain real estate. It is sponsored by NOYACK Capital. In a press release by NOYACK, it was stated that NLI is now accepting cryptocurrency payments for shares via a partnership with BitPay. NLI is the first REIT to accept cryptocurrency. It allows investors to fund their investment with Bitcoin (BTC), Bitcoin Cash (BCH), Dogecoin (DOGE), Ethereum (ETH), Litecoin (LTC), Shiba Inu (SHIB), Wrapped Bitcoin (WBTC), and five USD-pegged stablecoins (BUSD, DAI, GUSD, USDC, and USDP).

This partnership with BitPay is the first REIT that enables investors to convert crypto into real estate. NLI is the first REIT to partner with BitPay. BitPay is a leading crypto payment service provider, and one of the first alternative investment offerings enabling investors to seamlessly convert digital cryptocurrency into ownership of a hard asset.

“This partnership as an essential way to connect with today’s investors to include investment real estate and cryptocurrency in their retirement accounts,” observes CJ Follini, CEO of NOYACK Capital.

The partnership with BitPay is a ground-breaking initiative. It is a ground-breaking initiative in the field of structured commercial real estate investment. Due to this partnership investors can now split their money between crypto and traditional currencies. Investors will have to simply select their preferred wallet or exchange then choose a cryptocurrency and scan a QR code or manually enter payment details. It can also be done on a mobile device very easily.

Stephen Pair, CEO of BitPay said that “This is another example of moving crypto mainstream. 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.”

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Chaahat Girdhar

I'm Chaahat Girdhar, a journalist by profession who's turning her dreams into vision and vision into reality. I'm curious and have an appetite for gaining new knowledge. So I'm looking forward to learning things in the better way possible.