Jamestown is planning to deploy payments in cryptocurrencies that would avail the services to its customers for properties dealing
One of the prominent global real estate investment and asset management firms named Jamestown has recently partnered with BitPay, leading crypto payment enterprise to accept rent payments in cryptocurrencies like bitcoin and other mixed digital currencies. At present the plan of the firm is to apply only US based properties, though Jamestown is anticipating for its crypto abilities expansion to its properties based in Europe as well.
This move is forcing its bitcoin and digital counterparts goals closer to its achievements. The key factor that many people likely tend to forget is that while top cryptocurrency bitcoin and many other crypto cousins have taken on either speculative or even statuses like hedge funds in recent years. A lot of them were designed initially to serve as tools for payments.
These tools were built to push credit cards, checks and fiat currencies to the side although this has been some relatively slow journey given the volatility that dragged them down continuously. It becomes extremely tough to understand when bitcoin and other crypto families will fluctuate or to go up or down when it comes to crypto prices. So many stores and companies have been resistant to agree when it comes to accepting crypto payments for this reason and to such a degree and there is no point to blame.
President of Jamestown, Michal Philips explained in a recent interview that blockchain tech and the digital asset that it enables like crypto and non fungible tokens (NFTs) that are vital components to real estate evolution. This would allow cryptocurrency payments, its innovation commitment’s part and strategies of larger digital assets to optimize and increase their physical real estate via technology and integrations of virtual assets.
CEO of BitPay, Stephen Pair also commented on the matter while saying that in these modern times customers want to pay in bitcoin or ethereum like cryptocurrencies for their day to day purchases of items and services. On top of that while working with firms like Jamestown let these people not only live on crypto but work and live in transformed spaces and hubs of innovations across the major cities. BitPay would also allow the Jamestown to accept rent payments in bitcoin, bitcoin cash, etheum, Dogecoin, wrapped bitcoin, litecoin and other such stable currencies.
Source: https://www.thecoinrepublic.com/2022/05/17/is-jamestown-going-to-accept-rental-payments-in-crypto/