The Coin Shark: NOYACK and BitPay Work Together

  • Thursday, 17 March 2022 18:51
NOYACK and BitPay Work Together? NOYACK Logistics Income (NLI) Becomes First REIT to Accept Cryptocurrency via Partnership with BitPay NOYACK Logistics Income (NLI), a REIT investing in supply chain real estate sponsored by NOYACK Capital, is now accepting cryptocurrency payments for shares via a partnership with BitPay. NLI becomes the first REIT in history to accept cryptocurrency, enabling investors to fund their commitment 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). BitPay is a leading crypto payment service provider, allowing buyers to use the wallet and coin of their choice. NLI is the first REIT to partner with their platform, and one of the first alternative investment offerings enabling investors to convert digital cryptocurrency into ownership of a hard asset. “Alternative investment firms and REITs have not embraced cryptocurrency and we are changing that narrative. We see it as an essential way to connect with today’s investors who include investment real estate and cryptocurrency in their retirement accounts such as Roth IRAs and 401(k)s,” observes CJ Follini, managing principal of NOYACK Capital. “For any investor looking to redeploy crypto gains into dividend-producing investments, our partnership with BitPay makes it a reality and a seamless transaction.” NOYACK’s BitPay payment integration marks a pioneering initiative for structured commercial real estate investment. The partnership makes investing in NLI with cryptocurrency as seamless as funding share purchases with traditional currency. Investors are free to use cryptocurrency to acquire shares, and to divide investment between crypto and traditional currency as desired at the time of funding. To invest with crypto, buyers simply select their preferred wallet or exchange, choose a cryptocurrency, and either scan a QR code or manually enter payment details into their wallet. Another first is the ability to invest in private commercial real estate on a mobile device. “We see more transactions from investors asking to move cryptocurrency allocation into physical asset ownership structures like real estate. We see the future of financial transactions on the blockchain and this is another example of moving crypto mainstream with bridges to traditional financial services. For NOYACK to offer NOYACK Logistics Income REIT investors the option to transact in crypto puts them at the forefront of alternative investment management,” said Stephen Pair, CEO of BitPay. “The market potential for crypto adoption bridging into the physical world is huge, with $55 Billion as the estimated value of purchases and investments consumers will make using cryptocurrency in the next 12 months.” NLI offers the first ever bridge from cryptocurrency into the alternative investment ecosystem, which legacy firms like Blackstone, Apollo and KKR do not provide. NLI is focused on four key commercial real estate asset classes: life sciences, temperature-controlled and dry storage warehouses, healthcare facilities and mobility hubs (a newly defined property type that merges structured parking with amenities such as driverless car portals and electric vehicle charging, package lockers, ghost kitchens, and grocery cold storage). Targeted assets will be selected utilizing NOYACK’s proprietary analytics and market research to identify properties serving emerging needs for climate-controlled storage, autonomous vehicle infrastructure, same-day delivery and other rapidly evolving logistics-related uses. About NOYACK Logistics Income and NOYACK Capital NOYACK Logistics Income (NLI) is a $200MM real estate investment trust investing in diversified supply chain real estate supporting the digitization of the U.S. economy. NOYACK Capital (NOYACKcapital.com) is an alternative investment platform revolutionizing investment management by making institutional-grade private investments accessible to ALL investors. In this way, NOYACK changes lives with generational wealth enhancement. #businessforhumans™. NOYACK has offices located in New York, Denver and Los Angeles. Please visit www.noyacklogistics.com for more information. About BitPay  Founded in 2011, BitPay is one of the oldest cryptocurrency companies. As a pioneer in blockchain payment processing, the company’s mission is to transform how businesses and people send, receive, and store money. Its business solutions eliminate fraud chargebacks, reduce the cost of payment processing, and enable borderless payments in cryptocurrency, among other services. BitPay offers consumers a complete digital asset management solution that includes the BitPay Wallet and BitPay Prepaid Card, enabling them to turn digital assets into dollars for spending at tens of thousands of businesses. The company has offices in North America, Europe, and South America and has raised more than $70 million in funding from leading investment firms including Founders Fund, Index Ventures, Virgin Group, and Aquiline Technology Growth. For more information, visit bitpay.com. Coin Shark is not responsible for any content, accuracy, quality, advertising, products, or other content posted on the site. The review is for informational purposes, reflects the author's opinion only, and is not a proposal for action. The financial market is dangerous and full of risks, investments in cryptocurrencies can lead to losses. Users should do their own research before taking any action. Subscribe to our Telegram , Twitter , Facebook to be the first to know about cryptocurrency news!

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