Jamestown, a global investment company in the real estate sector, has announced that it accepts rent payments in DOGE, SHIB, and other cryptocurrencies via BitPay.
The global real estate company has partnered with the popular crypto payment service provider, BitPay to facilitate payments in DOGE and other digital currencies for clients looking to settle their rent in crypto.
The company has now joined the league of top firms that have integrated the BitPay payment feature on their websites.
Last year, Jamestown also partnered with Digital Currency Group in its preparation to venture into the Metaverse space in the coming years.
Payment in DOGE, SHIB, and Other Cryptos Now Enabled
Customers of the estate giant can now settle their rents in any digital token of their choice via BitPay. This was done to accommodate the growing number of crypto enthusiasts among Jamestown’s client base who have previously enquired about the possibility of paying their rent in cryptocurrency.
Additionally, the firm is a U.S-based real estate company where the use of cryptocurrency is high; plans are on the ground to expand the firm into the European market.
The collaboration with BitPay has seen the adoption of cryptocurrency payment by one of the leading property firms in the United States.
In an interview, Michael Philips, the president of Jamestown, revealed that crypto would take center stage in the company’s drive to adopt innovation through technology and virtual finance integration.
As previously reported by U.Today, a real-estate company based in Argentina began accepting payment for its rent and services in SHIB last year.
BitPay to Handle Crypto Payments
Part of the agreement is that BitPay, due to its unrivaled digital financial services, will accept the payment in cryptocurrency on behalf of Jamestown, where it will convert the tokens into fiat. As such, Jamestown will not handle any digital coins.
BitPay is a popular crypto payment service provider that caters to the needs of merchants and businesses, accepting payment in any of the leading crypto tokens like DOGE, SHIB, BTC, ETH, and others.
The payment platform has an extensive list of clients that use its service to process crypto payments. Its client base is likely to grow further as the list of businesses accepting payment in crypto for their services continues to spike.
Jamestown Collaborate with Barry Silbert over the Metaverse
The real-estate giant will accept crypto payments from renters in some selected U.S. cities where renters can utilize about 26 million square feet of real estate land. The selected locations are Levi’s Plaza based in San Francisco, the City Market in Atlanta, and the Ballston Exchange in Arlington.
Jamestown is not limiting crypto payments to rents payments only; the company plans to introduce a unique deposit program where its staff will have the option to receive part of their salaries in cryptocurrency.
Its partnership with Barry Silbert’s Digital Currency Group aims to add One Times Square to the decentraland metaverse as part of its new adventure.