Bitcoin Becomes A Trendy Way to Buy New Homes
While some people still feel hesitant to accept cryptocurrencies, we see an increasing trend in the real estate markets. Over the last few months the number of sales of houses and land properties conducted in bitcoin have risen considerably.
One businessman in Sabah, Malaysia agreed to be paid in bitcoin for a piece of land in Sabah’s Libaran Island.
Alexander Yee, one of Sabah’s top tourism entrepreneurs, has made a land deal with his friend Polycarp Chin using Bitcoin. Yee agreed to sell 1.219ha of land on Libaran Island to Chin for half a bitcoin ($5,758). The transaction was sealed this Monday with a 10% deposit paid via 0.05 bitcoin, or $588 at the time the deal was signed.
At the signing ceremony, Chin transferred the money from his Luno wallet directly into Yee’s wallet. “It is about a new way of transferring money,” said Yee. He added that this was just an ordinary sale that was paid in bitcoin and the remaining 0.45 bitcoin would be paid once the transfer was completed.
that is good