After a recent transaction in which an expensive piece of land near Lake Tahoe was sold for Bitcoin we got word of another big real estate exchange with the use of cryptocurrency. MerchantCoin.net signed a deal with Danny Johnson to sell his family’s million-dollar house for bitcoin and an assortment of other altcoins.
The director of Merchant, Zachary Lark, stated to PRweb: “As a facilitator of crypto-currency transactions, we are happy to see altcoins become more mainstream. We believe consumers will become more comfortable using digital currencies as everyday transactions like buying or selling a home become more prevalent.”
The 3600 square foot house, or 334 square meters, is located on Orcas Island, Washington and sits on six acres of land across from Spring Points’ own beach. This island is usually a retreat for the upper class from Seattle but in recent years many foreigners have also purchased houses on this island.
The seller of the house is PinkCoin owner Danny Johnson who’s also known as CryptoCayce, and he said the following: “As an online poker player I’m comfortable with the digital world. Altcoins provide me with autonomy and control of my assets. Theyre safe and easy to use with minimal fees and I find them to be great supplemental payment method. Of course my family’s willing to accept them!”
Photo credit: Michael Berry