New York-based property management firm – Magnum Real Estate Group – reportedly accepts Bitcoin (BTC) as a payment method for the sale of three nearly $ 30 million ground floor stores in Manhattan .
Additionally, the Autism Science Foundation (ASF) announced that it will allow people to donate cryptocurrency. Initially, the non-profit organization would accept the following digital assets: Bitcoin (BTC), Ethereum (ETH), Dogecoin (DOGE), Litecoin (LTC), Bitcoin Cash (BCH), USD Coin (USDC) and Dai (DAI) ).
BTC invades the real estate industry
According to a recent report, one of America’s leading property management firms – Magnum Real Estate Group – would allow buyers to use bitcoin to purchase three ground floor stores worth $ 29 million. dollars. BitPay – a bitcoin payment service provider – is said to process future cryptocurrency transactions.
The mall, also known as CODA, is located in the upscale part of Manhattan – 385 First Avenue. It covers over 9,000 square feet of space and consists of M&T Bank, ProHEALTH Urgent Care Clinic and Mighty Pita Restaurant.
Ben Shaoul – Managing Partner of Magnum Real Estate – pointed out that his company has experience with digital assets as it has already sold apartments using this payment method.
In turn, Sonny Singh – BitPay’s commercial director – explained that potential buyers from all parts of the world, including those in Hong Kong or mainland China, can use bitcoin to purchase the property:
“The beauty of crypto is that it is a global digital asset. The buyer simply scans a QR code to pay.
If someone pays the $ 29 million in BTC, the deal would mark the most expensive deal in the real estate industry purchased with crypto. At the moment, the record belongs to a luxury penthouse in Miami Beach. In June of this year, an anonymous buyer paid $ 22.5 million in digital assets to acquire the beachfront condo.
ASF accepts crypto donations
Another example of cryptocurrency adoption came from the Autism Science Foundation. The nonprofit that supports the lives of children and adults with the disease has announced that it is now accepting donations for its cause in seven different digital assets. Namely, these are Bitcoin, Ethereum, Litecoin, Dogecoin, Bitcoin Cash, USD Coin, and Dai.
Alison Singer – co-founder and president of ASF – expressed hope that this new opportunity could prove to be of great benefit to those in need:
“We are excited to expand our fundraising mechanisms to now include cryptocurrency, which allows individuals and businesses another way to make a meaningful difference in the lives of people with autism.”
She also mentioned the Wall Street Rides FAR (WSRF) fundraiser. Many leading crypto companies such as Gemini, BlockFi, FTX, Paxos and Fireblocks have pledged to sponsor the next annual cycling and walking charity event which has raised over $ 2 million for ASF at this day.
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