Canadian Man Is Selling His House For Bitcoins
A Canadian man named Taylor More in Alberta is attempting to sell his house on 2.9 acres for a cost of $405,000 Canadian dollars. A discount will be offered if the buyer pays with Bitcoins. Bitcoin is a peer-to-peer (P2P) digital currency. This is likely the first time that Bitcoins are being accepted for the sale of a house. More’s house is on 2.9 acres and can be fixed up. Below is an excerpt from the listing:
If you had $405K, I wouldn’t turn you down, but if a partial or whole transaction is done using Bitcoins, the price can be reduced depending on how many Bitcoins you have to trade.
Not familiar with Bitcoin yet? Bitcoin is a peer-to-peer decentralised electronic currency allowing you to send money from anywhere to anywhere with no restrictions or national borders.
The Bitcoin exchange rate is currently at one Bitcoin for $65.05 U.S. dollars. Not a bad recovery considering that in 2011, one Bitcoin costed $20.01. It is believed that the current total worth of Bitcoin in circulation is around $700 million.