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HomeCrypto NewsMarketLitecoin Becomes Payment Method For U.S. Based Real Estate Investment Company, Presidio Property Trust (NASDAQ: SQFT)

Litecoin Becomes Payment Method For U.S. Based Real Estate Investment Company, Presidio Property Trust (NASDAQ: SQFT)

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Litecoin (LTC), a cryptocurrency that was designed to provide fast, secure, and low-cost payments by leveraging the unique properties of blockchain technology.



Litecoin is officially accepted by US-based real estate investment company, Presidio Property Trust (NASDAQ: SQFT), for commercial tenant payments.

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Litecoin use is increasing day by day and is among the 2nd most transacted crypto with BitPay merchants since July 29 when for the first time BitPay, the world’s largest provider of Bitcoin and cryptocurrency payment services, officially declared support for Litecoin in the BitPay Wallet app. Newegg.com was the first merchant to accept Litecoin through BitPay.

The official announcement regarding the acceptance of cryptocurrency as a valid form of payment for tenant rental and CAM (common area maintenance) charges is made via press release:

“We are now set up to accept a number of cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), Dogecoin (DOGE), and Litecoin (LTC), from our commercial tenants,” said Jack Heilbron, President, and Chief Executive Officer.

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“We believe that these additional payment options will be attractive to some of our current and prospective tenants, especially in new, expansion markets,” added Gary Katz, Senior Vice President of Asset Management. “This is another way that Presidio Property can differentiate itself as a forward-thinking landlord.”

 

Presidio specializes in model homes, office, industrial, and retail properties. Presidio’s model homes are leased to homebuilders located primarily in Texas and Florida. Presidio’s office, industrial and retail properties are located primarily in Colorado, with properties also located in North Dakota, Texas, and Southern California.

Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic’s opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.

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Zabi
Zabi
Zabi is crypto enthusiastic with more than 10 years of experience in managing Google News-approved Finance websites. Zabi has a strong background in finance with a thorough understanding of cryptos and a solid grip on the crypto and financial market industry. Along with his passion for crypto writing, Zabi manages his personal stock and finance-related Google News-approved websites.

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