Global real estate giant Jamestown, partner of Digital Currency Group, now accepts Shiba, Dogecoin and other cryptocurrencies as payment for rent via BitPay
An investment giant focused on real estate investing and management is publicizing its recent strategic partnership with crypto payment processor BitPay. Now, the company will start accepting cryptocurrencies for rent, including Shiba Inu and Dogecoin meme coins, according to Rew-Online.
In 2021, Jamestown also partnered with Barry Silbert’s Digital Currency Group to cooperate in the Metaverse space.
You can now pay your rents in SHIB, DOGE, BTC, etc.
Rew-Online reported that another major company has embraced cryptocurrency payments by entering into a partnership agreement with BitPay: Jamestown. This will allow it to accept crypto rents at its US-based real estate properties, while the company also plans to expand into Europe.
Thanks to this collaboration, crypto payments are now committed to one of the flagship programs in commercial real estate.
Jamestown Chairman Michael Phillips said in an interview that crypto will be a big part of the company’s plans to implement innovation through technology and virtual integration.
As U.Today reported last year, SHIB payments have also started to be accepted by a real estate company in the Argentine city of Santa Clara del Mar near Buenos Aires.
Jamestown will not hold crypto
BitPay enables merchants and businesses to accept payments in major cryptos, such as Bitcoin, Litecoin, Ethereum, USD-based stablecoins, and Dogecoin. Not too long ago, the crypto payment processor also added Shiba Inu to this list.
BitPay converts crypto payments to fiat, so Jamestown will not actually receive or hold crypto.
Jamestown teams up with Barry Silbert over Metaverse
The giant will accept crypto payments in the United States, allowing tenants to use approximately 26 million square feet of commercial real estate. These locations include Levi’s Plaza in San Francisco, City Market in Atlanta, and Ballston Exchange in Arlington.
In addition to rent payments, Jamestown is considering the introduction of deposit schemes, which will allow its staff to receive part of their salaries in cryptocurrencies.
Last year, the company partnered with the Digital Currency Group led by billionaire Barry Silbert to add One Times Square to the Decentraland Metaverse.