BITCOIN AND CRYPTO

NOYACK Logistics Income (NLI) Started Accepting Cryptocurrency Payments with Partnership with BitPay

NOYACK | March 21, 2022

NOYACK_Logistics_Income
NOYACK Logistics Income (NLI) is now accepting cryptocurrency payments for share with the partnership with BitPay. NLI is sponsored by NOYACK Capital and for investing in supply chain real estate. The partnership has made NLI the first-ever REIT to accept cryptocurrency and enables investors to fund their commitment with Bitcoin (BTC), Wrapped Bitcoin (WBTC), Dogecoin (DOGE), and Litecoin (LTC). In addition, investors can also use Ethereum (ETH), Bitcoin Cash (BCH), ShibaInu (SHIB), and five USD-pegged stablecoins (BUSD, DAI, GUSD, USDC, and USDP) for payments.

NLI is the first REIT to partner with BitPay, a leading crypto payment service provider and one of the initial alternative investment offerings that enable investors to convert digital cryptocurrency into ownership of a hard asset seamlessly.

This partnership is a critical way to connect with today's investors to include investment real estate and cryptocurrency in their retirement accounts. NOYACK's BitPay payment integration is one of the pioneering initiatives for structured commercial real estate investment. Investors can now divide investment between traditional and cryptocurrency. They can easily select their preferred wallet or exchange, select a cryptocurrency, scan a QR code or manually enter payment details. Interestingly, they can easily do it through their mobile devices.

CJ Follini, CEO of NOYACK Capital.

This is another example of moving crypto mainstream. More investors are asking to move cryptocurrency allocations into physical assets like real estate. This ability puts Noyack at the forefront of alternative investment management. The market potential for crypto adoption bridging into the physical world is huge. We estimate $55 Billion in purchases and investments using cryptocurrency in the next 12 months."

Stephen Pair, CEO of BitPay.

Therefore, bbeingNOYACK's proprietary analytics and market research, NLI will further identify properties serving emerging needs for autonomous vehicle infrastructure, climate-controlled storage, same-day delivery, and solving other rapidly evolving uses.

Spotlight

Overview of why banks may place a hold on a deposited check.Extraco is the largest and most comprehensive independent financial institution headquartered in central Texas with over $1.2 billion in assets, $150 million in capital and reserves.

Spotlight

Overview of why banks may place a hold on a deposited check.Extraco is the largest and most comprehensive independent financial institution headquartered in central Texas with over $1.2 billion in assets, $150 million in capital and reserves.

Related News

FINANCIAL MANAGEMENT

TeamSnap Scores Partnership with Goalsetter

TeamSnap and Goalsetter | August 12, 2022

TeamSnap, the leading provider of team management software and online community for everything youth sports, today announced its partnership with Goalsetter, an award-winning and groundbreaking fintech platform dedicated to providing families and K-12 youth with access to banking, savings, investing, and financial education tools. This strategic alliance between TeamSnap and Goalsetter will help drive the TeamSnap Impact mission, making it possible for youth in underserved communities to have equal access to quality sports programs, so all kids can reap the benefits that sports participation and physical activity bring. To maximize the power of this partnership, TeamSnap and Goalsetter will jointly use the revenue generated from family sign-ups toward TeamSnap Impact efforts, supporting community partners nationwide. TeamSnap Impact and Goalsetter are committed to working together to help youth teams and sports programs build stronger communities and brighter futures through an increased participation in sports and focus on both physical and financial well-being. To download the Goalsetter app and support TeamSnap Impact efforts, visit the Apple App Store or Google Play Store and use referral code: TEAMSNAP. "Our mission with TeamSnap Impact is to increase access to quality sports programs, which we know is strongly tied to improved goal-setting among youth. Together with Goalsetter, we're committed to driving the connection between improved goal-setting from youth sports participation and setting goals for financial success. I'm confident that together we'll be able to positively impact the trajectory of the next generation. That's how we all win," - Greg Ludke, VP of Corporate Strategy & Development for TeamSnap To make the most impact in leveling the playing field, TeamSnap Impact has centered its initiatives around policy formulation, direct funding and technology grants. They are focused on improving access to quality sports programs—regardless of race, gender, religion or socio-economic status—so all young athletes can experience sport at all stages of life. TeamSnap and Goalsetter are aligned on addressing the number of challenges facing today's youth, especially in underserved communities. The work we are doing with TeamSnap is a critical part of achieving our mission at Goalsetter because we understand that to effectively address disparities and change the economic trajectory of our communities requires taking a holistic approach that ensures their physical, mental, emotional and financial well-being, Together, TeamSnap and Goalsetter are working to help our youth establish the healthy behaviors we know will serve them and their own children for generations to come by putting them on the path to wellness, both physically and financially,said Tanya Van Court, founder and CEO of Goalsetter. Led by studies which indicate that kids who have a savings account are six times more likely to go to college and four times more likely to own stocks by the age of 25, Goalsetter empowers K-12 students and their families by helping them build confidence in their financial decisions. Its financial education offering uses relatable GIFs, memes, quizzes and gamification to teach kids and teens the language of money. In addition to offering effective and engaging financial education, Goalsetter is the only platform to also provide access to savings accounts, debit cards and investment accounts with groundbreaking and industry-leading features. For example, "Learn to Earn" lets kids earn money for every financial quiz question they get right, and "Learn Before You Burn" lets parents automatically freeze their child's debit cards if they haven't taken their financial literacy quizzes for the week. Additionally, the Goalsetter Invest feature teaches kids how to invest on a dollar equivalent basis while learning the terminology of the stock market. Waud Capital Partners is excited about the TeamSnap and Goalsetter partnership and its potential to change the lives of youth in underrepresented communities. At WCP, we strongly believe in educating young, underrepresented populations on financial literacy and responsibility, and we are thrilled that our portfolio is making an impact in this space as well, hopefully improving the lives of families for generations to come, said Justin DuPere, partner at Waud Capital Partners, private equity partner of TeamSnap. Participation in youth sports aids children in the development and improvement of cognitive skills, according to a study that tracked kids from kindergarten through fourth grade (Piche, 2014). Additionally, physical activity in general is associated with improved academic achievement, and can have a positive impact on attitudes and academic behavior, including improved concentration, attention, and improved classroom behavior (GAO, 2012). Other positive effects include increased mental health, decreased risk of obesity and improvements in goal setting skills. About Goalsetter Goalsetter is a mobile banking, debit card, and investing app that focuses on educating the next generation with fun financial quizzes based on pop culture, putting them on the path to financial freedom. Goalsetter works with both teens wanting financial independence, parents wanting to start saving with their kids, and adults who want to jump-start their financial literacy. About TeamSnap Impact TeamSnap recently launched TeamSnap Impact, a program dedicated to tackling the major problems facing youth sports, including affordability, gender equality, access to quality coaching and more. TeamSnap is dedicated to enacting positive change in youth sports through the pillars of policy, technology grants, and direct funding.

Read More

FINTECH

Global Primex Launches Private, Virtual Payment Platform VLoad with Metropolitan Commercial Bank

Global Primex, Metropolitan Commercial Bank | July 18, 2022

Global Primex, a privacy-first payments company specializing in secure digital payment solutions for merchants and consumers, today announced the launch of its payment platform VLoad in partnership with New York-based Metropolitan Commercial Bank (NYSE: MCB). VLoad is an innovative online payment method that provides industry-leading privacy and security to consumers and empowers merchants in the VLoad Merchant Network with increased revenue resulting from unparalleled fraud prevention, dispute management, and acceptance rates. “Global Primex was founded on the premise of creating anti-fraud solutions for online merchants suffering from excessive chargebacks and low acceptance rates, and for providing consumers with a best-in-class private and secure online payment method." - said Marek Sala, CEO of Global Primex. “Global Primex was founded on the premise of creating anti-fraud solutions for online merchants suffering from excessive chargebacks and low acceptance rates, and for providing consumers with a best-in-class private and secure online payment method. With VLoad, merchants are protected under Global Primex’s PCI DSS Level 1 certified payments platform, benefitting from early fraud detection and dispute resolution, while customers’ identities and data are kept private from third parties,” said Marek Sala, CEO of Global Primex. “VLoad brings tremendous value in industries such as online gaming where we can bring consumers and merchants together in an environment where the risk of fraud on either side of a transaction is significantly diminished.” While VLoad is tailored to the general ecommerce market in the U.S. and is perfect for a wide range of online merchants, Global Primex is targeting such industries as regulated online gaming operators, subscription billing services, entertainment, and the travel industry in the U.S. due to its unique expertise in solving payment problems for traditionally high-risk merchants plagued by excessive chargebacks, low acceptance rates, and fraud. The VLoad Merchant Network connects consumers to merchants who have successfully passed Global Primex’s rigorous merchant due diligence process and (i) whose products and services consumers want, but have challenges accessing with traditional payment methods; (ii) who need a little (or a lot of) help managing their fraud and payment dispute risk; and (iii) who want immediate, low-cost access to an ecosystem of hundreds of thousands of consumers whose identities have been verified and whose collective fraud rate is a mere fraction of the market average. “Our partnership with Global Primex is a natural fit given our shared vision around digital transformation of the payments space,” said Nick Rosenberg, Executive Vice President, Head of Global Payments Group at Metropolitan Commercial Bank. “We look forward to introducing a product that will provide both sides of a purchase with a strong sense of security through VLoad transactions.” All businesses participating in the VLoad Merchant Network have instant access to their customers' full purchasing power in once place. VLoad can be purchased online with debit card, credit card, ACH/open banking and wire. For more information on Global Primex and VLoad, visit globalprimex.com or https://vloadcards.com. About Global Primex Global Primex is a privacy-first payments company specializing in innovative and secure digital payment solutions for merchants and consumers offered through its innovative digital payments platform, VLoad. Headquartered in Miami, FL with an additional office in Chicago, IL, Global Primex is the U.S.-licensed arm of a multinational, award-winning family of FinTech and RegTech companies that have been redefining payments – and finance in general – for more than 15 years. About Metropolitan Commercial Bank Metropolitan Commercial Bank®, The Entrepreneurial Bank, is headquartered in New York City and operates full-service banking centers in Manhattan; Boro Park, Brooklyn; and Great Neck, Long Island. Metropolitan Commercial Bank is also an established leader in digital payments and one of the fastest growing U.S. issuers of virtually every type of debit card. We are a leading issuer of debit cards and an acknowledged innovator in the General Purpose Reloadable (GPR) debit cards, virtual cards, mobile payments, e-wallets, peer to peer and cross-border payments. In addition, Metropolitan Commercial Bank is keeping pace with rapid industry evolution and the trend towards mobile payment apps and all that FinTech has to offer. Metropolitan Commercial Bank has also established an impressive track record of successful collaborations with new category innovators and serves as the e-wallet sponsor bank for a number of global payment programs.

Read More

FINTECH

Pyramid Federal Credit Union Partners with Asa to Modernize the Member Experience

Asa | July 27, 2022

Asa connects financial institutions with customer-facing fintechs in a secure, compliant and easy to implement marketplace. The company today announced that Tucson, Ariz-based Pyramid Federal Credit Union has selected the Asa platform, embracing collaborative banking to quickly introduce new technologies. Pyramid FCU will connect to a community of fintechs via Asa’s digital rails, allowing the credit union to instantly deliver new innovations and capabilities for members in a secure, safe way. All member data is tokenized, normalized and anonymized before it’s shared with any fintechs, eliminating liability and risk. With Asa, Pyramid FCU will be able to personalize the member experience at scale. “As a community institution, it can be challenging to keep up with the rapid rate that technology and member expectations change,” said Ray Lancaster, CEO of Pyramid FCU. “As a community institution, it can be challenging to keep up with the rapid rate that technology and member expectations change,” said Ray Lancaster, CEO of Pyramid FCU. “Asa and the collaborative banking model help solve for this pain point, providing members with fast and easy access to the apps and tools they want to try, all without having to share any sensitive information. This allows us to nimbly innovate without being bogged down with cumbersome one-to-one vendor due diligence, carving out a strong competitive advantage.” By creating a trusted, closed ecosystem in which financial institutions and fintechs benefit from one another, Asa is enabling banks and credit unions to innovate, fintechs to scale and consumers to take control of their data and finances. With Asa, Pyramid FCU’s members will have the benefit of both the latest modern technology and the credit union they know and trust. “Leaders like Pyramid FCU understand the importance of delivering the new technologies and tools members want, backed by the local, personal service they crave,” said Landon Glenn, CEO and founder of Asa. “By embracing the collaborative banking model, Pyramid FCU is improving the member experience and empowering them with unprecedented choice, all while removing much of the liability and risk that has traditionally hindered credit union-fintech partnerships.” About Asa Provo, Utah-based Asa connects financial institutions with customer-facing fintechs in a secure, compliant and easy to implement marketplace. With Asa, banks and credit unions are innovating more quickly, fintechs are scaling more easily and end users are empowered to take control of their data and finances. Learn more at asa.financial.

Read More