• Science
  • Technology
  • World
  • National
  • Politics
  • Military
  • Police
  • Viral
  • Entertainment
  • Business
  • Health
  • Opinion
  • Weather
Newsgru
  • World
  • National
  • Politics
  • Military
  • Police
  • Viral
  • Entertainment
  • Facebook

  • Twitter

  • RSS

Blockchain

Buyer just purchased new home in Texas using Bitcoin

Buyer just purchased new home in Texas using Bitcoin
john
September 20, 2017

The world-renowned and most-decorated cryptocurrency has just landed to another milestone, it only penetrated real estate industry.

A buyer in Austin, Texas, just purchased a house utilizing only bitcoin for payment.

The estate deal is the first to use solely cryptocurrency, and it illustrates crypto’s potential to transform how financial transactions are conducted.

The historic transaction was backed by Texas-based real estate brokerage firm Kuper Sotheby’s International Realty which completed the first-ever sale of a real estate property using just bitcoin.

Bitcoin has long moved on from its shadowy past to become a legitimate currency used to purchase Starbucks coffee, Xbox games, and now, a newly built custom home with grand entertaining areas, a master suite, and a chef-worthy kitchen.

As of posting, the amount of the home hasn’t been disclosed, but more important than that is the ease of the overall transaction.

The buyer simply transferred the bitcoin to the seller, who then converted it into U.S. dollars.

“In all of my 33 years of closing transactions, I honestly couldn’t have expected something so unique to go so smoothly,” Kuper Sotheby’s Sheryl Lowe, the buyer’s agent, said in a press release.

“In a matter of 10 minutes, the bitcoin was changed to U.S. dollars and the deal was done!” the agent added.

The deal and other news related to Bitcoin just manifested that the said cryptocurrency is real, authenticated and definitely not a fraud.

The news also shows how the new and trending currency has increasingly penetrated the business world, from transportation, entertainment and even politics. It really revolutionizes the world.

Related ItemsBitcoincryptocurrencyFeaturedReal EstateTexas
Click to add a comment

Leave a Reply

Cancel reply

Your email address will not be published. Required fields are marked *

Blockchain
September 20, 2017
john

Related ItemsBitcoincryptocurrencyFeaturedReal EstateTexas

More in Blockchain

This mind-reading AI can prevent suicide

johnNovember 12, 2017
Read More

Cryptocurrency “farming” will make Blockchain more eco-friendly

johnNovember 10, 2017
Read More

SoftBank CEO vows for “Super Artificial Intelligence” with 10,000 IQ

johnOctober 30, 2017
Read More

MasterCard is now using blockchain on its payment transactions

johnOctober 24, 2017
Read More

Brand New Bitcoin ATM LIVE in Makati

johnOctober 15, 2017
Read More

US State department uses Blockchain to optimize “diplomacy”

johnOctober 13, 2017
Read More

Air France takes Blockchain Technology into their flights

johnOctober 7, 2017
Read More

South Korea bars all new cryptocurrency sales

johnOctober 1, 2017
Read More

US, China and Russia is now on “war” over Artificial Intelligence

johnSeptember 13, 2017
Read More
Scroll for more
Tap

Copyright © 2015 Newsgru.

US, China and Russia is now on “war” over Artificial Intelligence
China inks $300 million lab-grown meat deal with Israel
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.OkPrivacy policy