A.I. real estate platform Janover announced that it would begin accepting Bitcoin payments in light of MicroStrategy’s success in the adoption of the Satoshi Nakamoto-created cryptocurrency, a Monday press release shows.
Janover To Adopt Bitcoin Payments
According to the Boca Raton-based company, Janover will accept not just Bitcoin, but Ethereum and Solana for select services in hopes of further aligning itself with market trends.
The press release indicates that the reasoning behind the organization’s decision to expand into cryptocurrencies comes from “increasing support” for digital assets in terms of domestic policy.
“At Janover, we remain focused on our core business. We do, however, recognize the broadening acceptance and significant future potential of digital currencies like Bitcoin,” said the company’s CEO, Blake E. Janover.
Additionally, Janover cites success from “corporate strategies” seen in “broader financial markets” as a means of “long-term value creation.”
“We’ve seen how companies like MicroStrategy have successfully capitalized on Bitcoin’s appreciation, and we believe there’s an opportunity to participate in the market in a measured, responsible way,” Janover said.
MicroStrategy’s Bitcoin Bet
News of Janover’s adoption of Bitcoin comes the same day that MicroStrategy announced it had purchased $209 million worth of the cryptocurrency as it continues its strategy of stockpiling the coin.
According to Yahoo, the Michael Saylor-led firm’s December 30 purchase marks its eighth straight week buying up Bitcoin following its Fall 2024 surge in value.
The Virginia-headquartered company, who joined the Nasdaq 100 last week, was down more than 8 percent as of Monday morning.
MicroStrategy’s latest reported descent marks a 45 percent drop from it’s all time high just last month.
As of Monday morning, Bitcoin itself was down nearly two percent.
The coin previously reached an all time high of over $108,000 earlier this month following a rally prompted by pro-crypto sentiment surrounding the November election of President-elect Donald Trump.
Trump, who most recently launched his family’s crypto platform World Liberty Financial, has long pledged to enact a crypto-friendly regulatory framework when he returns to the Oval Office.
In December, he tapped former SEC commissioner Paul Atkins to replace outgoing chair Gary Gensler after years of his regulation-by-enforcement approach to the crypto sector.
With Janover and other companies adopting a Bitcoin-friendly approach to business, combined with expectations of regulatory relief on the industry, it may be just a matter of time before the rest of the country follows suit.
The post A.I. Real Estate Platform Janover To Adopt Bitcoin As Payment appeared first on Cryptonews.
