A property company by the name of Magnum Real Estate Group recently made it known that it will be adding various cryptocurrencies as a viable payment method. This development coincides with the general trend of increasing crypto adoption nowadays.
The company, based in New York, stated that Bitcoin (BTC) would now be considered as an acceptable payment method regarding the sale of 3 ground-level shops, which are worth just about $30 million and are situated in Manhattan.
Donations in Cryptocurrencies
In addition to the aforementioned news, the ASF (Autism Science Foundation) revealed that it would allow individuals to be able to make donations in cryptocurrency. The organization will mainly accept a few of the top cryptocurrencies to start with and will see if more need to be added later on. For now, these cryptocurrencies comprise Bitcoin, Dogecoin (DOGE), Dai (DAI), USD Coin (USDC), Ethereum (ETH), Bitcoin Cash (BCH), and Litecoin (LTC).
The ASF President and Co-Founder, Alison Singer, remains hopeful about this new opportunity and what it could mean for those in need. She stated that the ASF is beyond excited to expand upon the organization’s fundraising mechanisms so that cryptocurrencies can now also be added. This will potentially enable both companies as well as individuals to be able to make a tangible difference for those affected with autism.
Furthermore, Alison also talked about the WSRF (Wall Street Rides FAR) fundraiser. Numerous large-scale cryptocurrency-oriented companies like Fireblocks, Paxos, FTX, BlockFi, and Gemini have all promised to sponsor an upcoming event for charity, which has since managed to generate over $2 million till now for the ASF.
For the abovementioned development involving Magnum Real Estate Group and its decision to allow crypto payments, BitPay will be the official service provider that will be processing the crypto transactions for the foreseeable future.
Moreover, the company’s Managing Partner, Ben Shaoul, stated that his organization has plenty of relevant experience pertaining to the digital assets sector and that it has managed to successfully sell off many apartments in the past via the previously mentioned payment method.
BitPay’s CCO (Chief Commerical Officer), Sonny Singh, elaborated upon the new partnership, saying that anyone who may wish to make purchases via crypto can do so thanks to the provider and that this service is available to individuals based across the globe, including the ones based in both mainland China and Hong Kong regarding the usage of BTC to buy property.