First REIT to accept Shiba Inu and Dogecoin

As part of a cooperation with crypto payments processor BitPay, the first real estate investment trust (REIT) to take cryptocurrencies for shares has also embraced Shiba Inu (SHIB) and Dogecoin (DOGE).


The first real estate investment trust (REIT) to take cryptocurrencies for shares has also embraced the meme-inspired coins Shiba Inu (SHIB) and Dogecoin (DOGE).
Shiba Inu ($SHIB) and Dogecoin ($DOGE)

According to a press release, the supply chain real estate REIT NOYACK Logistics Income (NLI) is now accepting multiple cryptocurrencies for its shares via BitPay.


The REIT accepts a variety of cryptocurrencies, including BTC, BCH, ETH, LTC, WBTC, and popular stablecoins like BUSD, USDP, DAI, and GUSD.


Stephen Pair, the CEO of BitPay, was reported as saying:

"This is another example of moving crypto mainstream. We see more investors asking to move cryptocurrency allocations into physical assets like real estate. This ability puts Noyack at the forefront of alternative investment management."

Pair went on to say that the "market potential for crypto acceptance crossing into the physical world is immense," and that the firm will make $55 billion in "crypto acquisitions and investments in the next 12 months."


Note that Australian energy company 1st Energy began taking cryptocurrency payments through BitPay earlier this month. Moreover, DOGE and SHIB are also accepted as payment methods.


AMC, a leading American movie theater chain, has recently added payment options for these two cryptocurrencies, thanks to BitPay, which was noted in an announcement from its CEO Adam Aron as helping "making this happen."


Shiba Inu's burn rate has suddenly surged, with more over 745 million tokens burned in just 24 hours.