Man Willing to Sell His Bungalow for Virtual Money

Home listed for cash or bitcoins

   

Man Willing to Sell His Bungalow for Virtual Money

bitcoins Man Willing to Sell His Bungalow for Virtual MoneyA man in Canada has listed his house for either cash … or virtual currency.

Taylor More, of Alberta, says he’d prefer bitcoins — a digital currency that was introduced in 2009 — over the cash, reports ABC News.

Bitcoins are now worth $72.50 each online, so More listed his home for $405,000, or 5,613 bitcoins. More says he wants the digital money because he is working on several projects — which he would not disclose — that would require a significant number of bitcoins.

“I thought this might help Bitcoin gain some ground, once people see that you can actually buy a piece of property or a physical tangible thing,” More told ABC News.

The head of the company that processes bitcoin payments, Charlie Shrem, said, “I think it would be great. It would be a private transaction. He can sell his house to anyone in the world, it doesn’t have to be from Canada, and it won’t cost anything to move that money.”

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Article printed from InvestorPlace Media, http://investorplace.com/2013/03/man-willing-to-sell-his-bungalow-for-virtual-money/.

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