Man Willing to Sell His Bungalow for Virtual Money

by Nate Wooley | March 22, 2013 10:50 am

bitcoins[1]A 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[2].

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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