
KPG Will Accept Digital Payments from Office Tenants
Real estate investment firm KPG Funds said tenants may pay rent in digital currency at its 446 Broadway – L ‘Atelier office property. KPG will begin accepting digital currency rent payments using Signature Bank and Bitstamp as its partners.
“We believe that cryptocurrency is here to stay,” said KPG CEO Gregory Kraut. “Tenants have started to ask for this payment solution, and we wanted to be able to satisfy their needs. We are now at a point with the technology where there is zero risk of price fluctuation in accepting USDC.”
Kraut continued, “We chose Signature Bank’s Signet network because it allows for 24/7/365 U.S. dollar transactions, allowing us to instantaneously transfer digital currency or hold it. Bitstamp’s low transaction costs, high security and insurance made them a great fit as our exchange partner.”