Jamestown Real Estate Investment and Management Firm announced that it will now accept Litecoin and other major cryptocurrencies payments. Litecoin announced the plans of the real estate company via Twitter on Thursday, April 28th.
Speaking on the adoption of Litecoin by Jamestown, the President of the real estate company said: “Allowing for cryptocurrency payments is part of our commitment to innovation and larger digital asset strategy to optimize and maximize our physical real estate through technology and virtual integrations.”
Michael Philips also believes that cryptocurrencies and NFTs will play a vital role in the evolution of real estate, both now and in the future.
Jamestown’s adoption of Litecoin and other digital currencies was made possible through its collaboration with BitPay. BitPay is a leading crypto platform that processes crypto payments for organizations.
With the recent integration of BitPay’s services to Jamestown business, customers will be able to pay rent and make real estate purchases via Litecoin, Bitcoin, Ethereum, Bitcoin Cash, and Dogecoin. BitPay will also support stablecoin payments in USDC, DAI, and BUSD.
The CEO of BitPay stated that the world has evolved, and many customers today want to use digital currencies like Litecoin and Ethereum to pay for food, groceries, and rent.
Jamestown has a vast quantity of real estate, with an estimated value of 26 million square meters in the United States alone. The recent adoption of crypto payments will cover facilities like the Chelsea Market in New York, the Ponce City Market in Atlanta, and the Ghirardelli Square in San Francisco.
In the meantime, the acceptance of crypto payments will work for Jamestown’s properties in the United States. The company also has plans to expand to Europe in the coming months.