Shiba Inu ($SHIB) and Dogecoin ($DOGE) Accepted by First REIT Accepting Crypto

As part of a cooperation with crypto payments processor BitPay, the first real estate investment trust (REIT) to take cryptocurrencies for shares has also embraced the meme-inspired coins Shiba Inu ($SHIB) and Dogecoin ($DOGE).

According to a press release, the supply chain real estate REIT NOYACK Logistics Income (NLI) is now accepting multiple cryptocurrencies for its shares via BitPay.

The REIT accepts a variety of cryptocurrencies, including BTC, BCH, ETH, LTC, WBTC, BUSD, USDP, DAI, and GUSD

BitPay’s CEO Stephen Pair was quoted saying:

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.

Pair added that the “market potential for crypto adoption bridging into the physical world is huge” and added the firm estates $55 billion in “purchases and investments using cryptocurrency in the next 12 months.”

1st Energy, an Australian energy company, began taking cryptocurrency payments through BitPay earlier this month. DOGE and SHIB, two meme-inspired tokens, are also accepted as payment methods.

AMC, a leading American movie theater chain, has recently added payment options for these two cryptocurrencies, thanks to BitPay, which was noted in an announcement from its CEO Adam Aron as helping “making this happen.”

Shiba Inu’s burn rate has suddenly surged, with more over 745 million tokens burned in just 24 hours. SHIB’s burn rate increased by almost 6,700 percent as a result of this number. Token burns are performed by sending SHIB to inaccessible addresses, removing the tokens from circulation.

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