Miami condo sells for 33 bitcoins

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British fashion magnate Baroness Michelle Monet and her Scottish business partner Doug Barroumen are successfully selling elite real estate in Dubai negotiated with the bitcoin virtual currency. The Dubai residential complex valued at million euros, developed by Barrowman Aston Developments, a member of the Knox group, was announced last year and must be delivered by The complex is located in the Dubai Science Park. The same sources of Bussines Insider had previously reported that several properties in Spain are for sale negotiated with encrypted currency.

Among them a house in Can Picafort in Mallorca worth , euros can be purchased by bitcoins and ethers , an eighteenth-century palace Palacio Bardaji in Ibiza for 1, bitcoins and two luxury homes in Barcelona and Madrid from which the value was not informed. Bitcoin is offering foreign investors a loophole to exchange controls in their countries and to economic sanctions in the United States.

According to the real estate agency Redfin, at the end of bitcoin appeared as a means of payment in some 75 properties in the United States , particularly in Miami South Florida and California. In the state of Florida, a commercial agent goes further and only accepts bitcoins 33, specifically for a half-million-dollar apartment in downtown Miami.

A risk that not everyone is willing to take on. We noticed a lot are in south Florida and in California, where they mention bitcoin, though they're all around the country.

We're going to be polling agents to see if buyers who came into bitcoin are going to be buying. Bitcoin has already been used to acquire real estate in the United States. A home was sold in Texas earlier this year, though the buyer converted bitcoin to dollars before making the final purchase. That means it wasn't a pure bitcoin-for-home transaction.

The seller, perhaps encouraged by the stratospheric rise of bitcoin, likely believes the trend will continue, suggesting that they'll continue to make money well after the sale of the condo. Skip Navigation.

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