Langsung ke konten utama

Major New York Real Estate Company Now Accepting BTC as Payment



Magnum Real Estate is set to accept bitcoin as payment for a three-store retail condominium in Manhattan’s East Side.



Major real-estate opportunity for bitcoin investors



Magnum Real Estate is accepting the $29M payment for a three-store retail condominium space in Bitcoin, which would make it the first major income-producing real estate investment opportunity in the U.S. for Bitcoin investors.  The building at 385 First Avenue contains turnkey retail condominiums, located on Manhattan’s East Side. The three retail spaces are currently leased to M&T bank, Mighty Pita Restaurant, and ProHEALTH Urgent Care Clinic.



Magnum’s bullish outlook on crypto



Magnum Real Estate was the first New York company to accept crypto for its prime real estate. Ben Shaoul, managing partner at Magnum Real Estate, embodies the company’s bullish outlook on cryptocurrency. Their continuing partnership with BitPay who will receive the payment in Bitcoin on behalf of Magnum, and deposit the dollars into the real-estate firm’s account in USD, is indicative of their confidence in the cryptocurrency asset class.



Their confidence results in their belief that many more transactions can be processed via the blockchain. Sonny Singh, BitPay’s Chief Commercial Officer, is excited about this landmark offering, and believes it is a step towards proving that cryptocurrency is viable as a form of payment in real estate. BitPay will charge Magnum a 1% fee for processing the transaction.



Miami’s bitcoin jewel



Prior to Magnum’s retail condo listing, a 5067 square foot Miami penthouse was purchased for $22.5M dollars, making it the most expensive property ever purchased in cryptocurrency. The deal was the fastest real estate transaction, taking less than 10 days, and is a testament to the potential of decentralized finance, as recognized by the Miami property’s developers at the time of the sale, Alex Sapir and Giovanni Fasciano.  



The post Major New York Real Estate Company Now Accepting BTC as Payment appeared first on BeInCrypto.


https://cryptozine.xyz/major-new-york-real-estate-company-now-accepting-btc-as-payment/

Komentar

Posting Komentar

Postingan populer dari blog ini

Exploring the CropBytes Metaverse: A Futuristic Crypto Game With Real Economics and Immersive Graphics

On January 20th, CropBytes, the four-year-old metaverse farming game, is launching the brand new terrain with immersive 3D graphics. The new version upgrade greatly improved the already cute graphics of the game and brought a fresh feeling that adapts to the latest game aesthetics on mobile devices. What’s more, it keeps all the fun! Introduction The farm simulation game CropBytes was launched in 2018 and has quickly become one of the most immersive crypto gaming experiences with a global game community, surpassing 400,000 organic downloads. The NFT game is available on both the Apple and the Google app stores for Android and IOS users. CropBytes gameplay is a simple but intricately designed playscape ripe for creating a stable & sustainable economy. For the team behind the game, it was essential to focus on sustainable economics, which helped build a long-term game for crypto players. CropBytes was created with an emphasis on the economics of the game beyond the bull run. Most ...
Posting Komentar
Baca selengkapnya

Bitcoin Recovers, but will BTC Bulls Pump Prices to $50k?

Bitcoin prices have been both hot and cold. The freeze of September 20 was countered by the warmth of September 22, which offered a relief rally for permabulls. When writing, BTC prices are pretty much constant, oscillating within a tight range above January 2021 highs. Waving Bitcoin Price Action The bounce from the expected reaction zone was a sigh for traders who, after September 20 dip, expected the worst. Admittedly, even with these losses, the uptrend is still shaky from an Effort-versus-Results perspective. For example, in the weekly chart, there is a double bar bearish reversal pattern. At the same time, in the daily chart, BTC prices are still trending below the 20-day moving average. Besides, despite the recovery of September 22, the bar has lighter trading volumes. From volumes analysis, this is week and doesn’t bode well for chartists who still sense weakness in the uptrend, potentially more room for even more losses in the days ahead. Bitcoin On-Chain Indicators Interesti...
Posting Komentar
Baca selengkapnya

NFT project partners with Afghanistan organization to help women get access to education

“This is a generation that grew up hopeful and dreaming about their future through educational opportunities,” said Women for Afghan Women’s U.S. country director Naheed Samadi Bahram. Non-fungible token company Bookblocks.io has partnered with a New York-based organization to help women in Afghanistan have access to education amid the Taliban takeover. Bookblocks.io announced it would be releasing a non-fungible token, or NFT, on Oct. 5 with the proceeds given to Women for Afghan Women, an organization which helps provide women access to education and vocational training in both Afghanistan and the United States. The artwork, inspired by American author Louisa May Alcott, features half a woman’s face covered by a single butterfly wing with the quote “nothing is impossible to a determined woman.” When the Taliban took control of Afghanistan in the 1990s, they banned education for almost all women and girls. History has practic...
Posting Komentar
Baca selengkapnya