Upscale Manhattan Office Building Accepts Cryptocurrency For Rental Payments

Cryptocurrency is getting more popular with some real estate properties accepting it for payments.

The latest real estate building to accept cryptocurrency for payment of rent is KPG Funds with offices in 446 Broadway, 2 Crosby Street and 141 East Houston Street in upscale Manhattan.

A  report confirms the news with the CEO stating that the company will accept USDC stablecoin for rent payments.

KPG has partnered with BitStamp crypto exchange to convert the USDC into US dollars and Signature Bank’s digital payment platform, Signet for 24 hour easy conversion.

Choosing USDC stablecoin,the CEO pointed out that stablecoin is not affected by market fluctuation and it is FDIC-insured.

The move to incorporate cryptocurrencies is a response to tenants asking wether bitcoin can be accepted for rental payments.

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