Taylor More is selling his familys house with an asking price of $405,000 or 5,613 Bitcoins. He would rather have the Bitcoins.
The two room bungalow in Alberta, Canada, sits on 2.9 acres of land along the Crowsnest River. That part of the deal is easy to understand. Why More wants Bitcoins isnt?
I just really believe in them and once I read my first article about them, I was hooked, said More, who is 22 and said he used to be a currency trader. I can take control of my own money, I dont have to worry about the government stepping in and taking it and freezing my account.
Bitcoins are digital currency. One Bitcoin is equal to $72.50. There are no actual coins, but they have been growing in their use. Stores like Walmart even sell gift cards for Bitcoins.
I have a few ventures that I am working on that involves Bitcoins and I am going to need a lot of Bitcoins to do them. 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, said More.
More would not specifically tell ABC News what he was working on, but did say, Bitcoins are rather hard to get your hands on.
Charlie Shrem, CEO of BitInstant, a payment processor for Bitcoin exchanges and other merchants, describes the digital money as both the currency unit and the payment system Its as if cash had wings and it could fly.
I think it would be great, Shrem said of Mores real estate offer. It would be a private transaction. He can sell his house to anyone in the world, it doesnt have to be from Canada, and it wont cost anything to move that money.
Man Lists Bungalow for Bitcoins - ABC News
The two room bungalow in Alberta, Canada, sits on 2.9 acres of land along the Crowsnest River. That part of the deal is easy to understand. Why More wants Bitcoins isnt?
I just really believe in them and once I read my first article about them, I was hooked, said More, who is 22 and said he used to be a currency trader. I can take control of my own money, I dont have to worry about the government stepping in and taking it and freezing my account.
Bitcoins are digital currency. One Bitcoin is equal to $72.50. There are no actual coins, but they have been growing in their use. Stores like Walmart even sell gift cards for Bitcoins.
I have a few ventures that I am working on that involves Bitcoins and I am going to need a lot of Bitcoins to do them. 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, said More.
More would not specifically tell ABC News what he was working on, but did say, Bitcoins are rather hard to get your hands on.
Charlie Shrem, CEO of BitInstant, a payment processor for Bitcoin exchanges and other merchants, describes the digital money as both the currency unit and the payment system Its as if cash had wings and it could fly.
I think it would be great, Shrem said of Mores real estate offer. It would be a private transaction. He can sell his house to anyone in the world, it doesnt have to be from Canada, and it wont cost anything to move that money.
Man Lists Bungalow for Bitcoins - ABC News
