Noyack Logistics Income (NLI) Pioneers to Allow Crypto Payments

Noyack Logistics Income

March 21, 2022

Reading Time: 2 minutes

NOYACK Logistics Income (NLI), a $200 million real estate investment trust that invests in varied supply chain real estate, has collaborated with BitPay to accept cryptocurrency payments, according to Business Insider.

NOYACK Capital is a platform for alternative investments that makes institutional-grade private investments available to all investors. NOYACK maintains offices in New York, Denver, and Los Angeles.

The integration of BitPay payments allows investors to divide their investment between crypto and traditional currencies as they see fit. Investors can choose their chosen wallet or exchange, a cryptocurrency, scan a QR code, or manually input payment data; the entire procedure can be completed fast using a mobile device.

As a result, NLI became the first REIT business to accept digital currencies as payment. The project was regarded as an “important approach to engage with today’s investors” by the company’s CEO, CJ Follini.

According to the business, clients can divide their assets between crypto and fiat currencies. Consumers must first choose their favorite wallet or exchange, then select a digital asset and scan a QR code.

According to Stephen Pair, CEO of BitPay, the project is another “example of making crypto mainstream.” He says investors will spend billions of dollars on digital assets in the coming year.

Other Companies Adopting Crypto

The number of companies accepting the asset class as a payment mechanism continues to rise. With that in mind, it’s worth highlighting a few of the most well-known.

AMC Theaters, the world’s largest movie theater chain, revealed earlier this month that it now takes Dogecoin and Shiba Inu for online ticket payments. The entertainment firm has previously supported Bitcoin, Ethereum, Litecoin, and Bitcoin Cash.

Philipp Plein, a German fashion house, is also a group member. According to the company’s CEO, customers may pay for clothing, shoes, and other items in 15 different cryptocurrencies. Furthermore, the executive stated that he is a strong proponent of the asset class.

Tesla, the electric car maker, is arguably the most well-known company. It began accepting Dogecoin payments for its items in January. It’s also no secret that the company’s CEO, Elon Musk, is a strong supporter of the original meme coin.

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