Jamestown announced its recent strategic partnership with BitPay and now accepts SHIB, DOGE and other cryptocurrencies as payment for rent through BitPay
A real estate investment and management behemoth announced its recent strategic partnership with BitPay, a cryptocurrency payment processor. According to Rew-Online, the company will now accept cryptocurrencies for rent, including meme coins Shiba Inu and Dogecoin.
In 2021, Jamestown also partnered with Barry Silbert’s Digital Currency Group to cooperate in the Metaverse space.
Jamestown Now Accepts SHIB, DOGE As Payment For Rent Via BitPay
According to Rew-Online, the real estate investment has adopted cryptocurrency payments through a partnership with BitPay. This will allow it to accept cryptocurrency rent at its real estate properties in the United States, and the company is considering expanding to Europe.
Crypto payments are now a part of one of the most well-known commercial real-estate programs as a result of this collaboration.
In an interview, Jamestown’s president, Michael Phillips, stated that crypto will play a significant role in the company’s plans to implement innovation through technology and virtual integration.
SHIB payments have also begun to be accepted by a real estate company in the Argentinian town of Santa Clara del Mar, which is located near Buenos Aires.
Jamestown Will Not Receive Or Hold Crypto
BitPay enables merchants and businesses to accept Bitcoin, Litecoin, Ethereum, USD-based stablecoins, and Dogecoin as payment methods. The Shiba Inu was recently added to the list by the crypto payment processor.
Because BitPay converts cryptocurrency payments to fiat, Jamestown will not receive or hold cryptocurrency.
Jamestown Partners With Barry Silbert About Metaverse
In the United States, the company will accept cryptocurrency payments, allowing renters to access roughly 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, among others.
Aside from rent payments, Jamestown is considering implementing deposit programs that will allow its employees to receive a portion of their pay in cryptocurrency.
Last year, the company teamed up with the billionaire Barry Silbert’s Digital Currency Group to add One Times Square to the Decentraland Metaverse.
