The First Ever Bitcoin Powered Real Estate Purchase Can Become A Reality In Britain Very Soon
Bitcoin is slowly spreading its wings over and across various sectors and real estate is its latest target. Certain visionary developers are planning to work out a Bitcoin powered sale of house property for the first time in Britain. The swanky new four bedroom house located in Colchester, Essex has been put up for sale with a price tag of £375,000, that is 82.55 Bitcoins. Presently the exchange rate is fixed at £350,000. Thus prospective home buyers can rope in considerable savings if they jump on to the virtual currency powered bandwagon right now.
Go Homes group sales director, Ed Casson recently stated that, ‘Selling homes for Bitcoin will become common in the next five years.” The newest Bitcoin powered upscale purchase can fit the bill of those who bought the dynamic currency long time back when it did not bring along a heavy price tag and are presently looking for avenues to encash the same.
‘We’re offering one of our new homes on a development site just outside of Colchester, giving someone the opportunity to trade Bitcoin for bricks and mortar – another popular asset’ said Ed Casson. This detached home is a part of the brand new housing development going on in Elmstead Green. However, previously entrepreneur Daniel Roy had put up his south-east London townhouse up for sale at £1.65 million which could be paid in Bitcoins.
Since its birth in 2009, Bitcoin has come a long way. Started at fostering international payments outside the stringent claws of government regulations, Bitcoin is slowly emerging as the talk of the town with its varied usage potential. From restaurants to shops, Bitcoin is becoming an international payment mode. Users can avail the Bitcoin medium to pay off dues without incurring any transaction fees and by staying guarded under the cloak of anonymity.
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