Property Firm Magnum Real Estate Group Adds Crypto As A Payment Method

Magnum Real Estate Group, a New York-based company for property management, has declared to accept BTC (Bitcoin) as a method of payment for three shops valuing up to $30 million. The shops are situated in Manhattan at ground level. Additionally, the ASF (Autism-Science-Foundation) has stated that it would permit people to make donations in crypto. Firstly, the non-profit company would accept the virtual assets including DAI (Dai), USDC (USD Coin), BCH (Bitcoin Cash), LTC (Litecoin), DOGE (Dogecoin), ETH (Ethereum), and BTC (Bitcoin).

Bitcoin entering the industry of real estate

As per a new report, Magnum-Real-Estate-Group (a progressive firm for property management in America) would permit its consumers to utilize Bitcoin for buying three shops, the price of which is about $29 million. The transactions of cryptocurrency being paid in this purchase will be processed by a payment provider of Bitcoin named BitPay. The shopping hub, also called CODA, is situated in the lavish portion of Manhattan called “385-First-Avenue”. This part of the city is spread around 9,000 square feet in space and includes M&T Bank, Mighty Pita restaurant, and ProHEALTH-Urgent-Care clinic.

Magnum’s Managing Partner “Ben Shaoul” highlighted that his company has been experiencing with virtual assets formerly as it sold apartments via utilizing this method of payment. BitPay’s “Chief-Commercial-Officer” named Sonny Singh, while discussing the matter, elaborated that the willing purchasers from Hong Kong, China, as well as every place of the world, can utilize Bitcoin for buying the property. He added that the special characteristic of crypto is that it allows the buyer to make a payment by just scanning a straightforward QR code.

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ASF accepts donations in crypto

Another instance of crypto adoption is the ASF (Autism Science Foundation). The non-profit firm that provides support for the lives of adults and children undergoing Autism disease has announced to now onward accept the donations in cryptocurrency for fulfilling its mission. ASF’s president and co-founder named Alison Singer, aspired that this latest opportunity has the potential to provide a significant benefit to the people. She added that people suffering from autism would also see a meaningful change in their lives. She revealed that several noticeable crypto organizations like Fireblocks, Paxos, FTX, BlockFi, and Gemini had assured the foundation that they would sponsor the approaching yearly charity as well as a walking event, having already collected up to $2M for ASF.