Sonny singh bitpay11/1/2022 ![]() As the adoption of blockchain technology grows and the asset class matures, the firm continues to be at the forefront of transacting in partnership with BitPay. Magnum was the first real estate development firm in NYC to accept crypto for its prime real estate offerings. Home to New York City’s Medical Mile, Kips Bay contains the city’s highest concentration of medical professionals and medical office space. M&T Bank recently executed an eight-year option commencing on Januand Mighty Pita signed a 10-year lease commencing on April 1, 2021. M&T Bank has an ‘A3’ rating by Moody’s, ‘A-’ rating by Standard& Poor’s, and ProHEALTH Urgent Care has an ‘A1’ rating by Moody’s. We’re thrilled to provide the integration for companies like Magnum Real Estate to quickly and seamlessly process cryptocurrency payments.” Sonny Singh, chief commercial officer of BitPay Inc., listens during a Bloomberg West Television interview in San Francisco, California, U.S., on Thursday, June 16, 2016. ![]() ![]() “This landmark offering at 385 First Avenue is a remarkable step forward in proving that crypto is a viable alternative to fiat transactions. “Acquiring stable real estate assets with Bitcoin has never been easier,” said Sonny Singh, chief commercial officer of BitPay. For crypto investors this is a forum to monetize new wealth and create a steady income stream. Annual base rent increases and substantial reimbursements from tenants will benefit investors with durable and secure cash flow and minimal carrying costs. This first-of-its-kind investment opportunity features a WALT of over seven years. ![]() We are marketing this Class A retail property for a crypto holder because of its immediate cash-flow and strong return rate.” We have also retained the services of Galaxy as an advisor. He is even forecasting a 15,000 to 20,000 value for the coin at the end of the year 2019. “Our confidence in the asset class is documented by our decision to keep crypto on our balance sheet and continue to collaborate with BitPay. Sonny Singh, the Chief Operating Officer (COO) of crypto payments service provider BitPay, has revealed essential factors that will kickstart the BTC resurrection. “We’ve been bullish on cryptocurrency for many years having transacted the sale of a retail condominium on the Upper East Side and several condominiums in Bitcoin,” said Ben Shaoul, Managing Partner of Magnum Real Estate Group. ![]()
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