Monday, March 25, 2013

Canadian house first on sale for Bitcoin currency...

A Canadian man is selling his house in exchange for Bitcoins – the world’s alternative decentralized digital currency that is gaining popularity with more and more people, trying to keep their deposits safe as they lose trust in real currency.

Twenty-two-year-old Taylor More is the first to list his two-bedroom bungalow in Alberta on the website For Sale By Owner in exchange for the hard-to-trace digital Bitcoins - 5,362 of them (US$395,000).

“My home is being traded for Bitcoins!” reads More's listing. “Properties like this rarely come on the market and this one's priced to sell in one of the most sought-after recreation areas of the Rockies.”

The current exchange rate of one Bitcoin is US$73.

“I have a few projects that I am working on that involve Bitcoin and they happen to be a pretty hard thing to get your hands on right now if you want to get them in large quantities,” More told CBC. “So I figure the best way to get them is to try to sell our property.” Full story...

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