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.
US based real estate investment company, Presidio Property Trust (NASDAQ: $SQFT) announces it will accept #Litecoin for commercial tenant payments!
Another #cryptocurrency integration from @BitPay $LTC https://t.co/n9BgQQUHl7 pic.twitter.com/LGLewNxgy4
— Litecoin (@litecoin) December 9, 2021
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.
“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.