31 Jan '17, 11am

Real Estate Buyer Makes $1.3 Million Buying Home With Bitcoin

A real estate buyer in California profited nearly $1.3 mln after purchasing $4 mln worth of Bitcoin with an intent to purchase a house in California. Earlier this month, BitPay chief commercial officer (CCO) Sonny Singh was approached by a real estate buyer based in California who wished to purchase a $4 mln house solely using Bitcoin. Singh and the BitPay team, which provides a wide range of Bitcoin services assisted the buyer and the real estate developer in coming to terms with the final settlement. At last, a $4 mln price tag was agreed upon to be fully paid in Bitcoin. The buyer went on to purchase millions of dollars worth of Bitcoin to initiate the transaction. At the time, Bitcoin was worth around $750 in the global Bitcoin exchange market. Once the buyer secured $4 mln worth of Bitcoin, he initiated the transaction and sent the payment to the real estate developer...

Full article: https://cointelegraph.com/news/real-estate-buyer-makes-13...

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