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Wednesday, September 6, 2017

Bitcoin Meets Mainstream Property In $330 Mln BitPay Dubai Deal

Bitcoin Meets Mainstream Property In $330 Mln BitPay Dubai Deal

A British baroness and asset management conglomerate Knox Group have partnered with BitPayto offer luxury Dubai property for Bitcoin.

The three-way venture will see 1,133 apartments on offer by 2019 worth around $330 mln, with the first 150 for sale at a 20 percent discount.

This represents the first time anyone can purchase property directly from a developer with Bitcoin, an accompanying press release states, and aspects of the sale are deliberately “mirroring” ICO executions.

“I wanted to offer the property, tech and Blockchain community an [...] opportunity by merging the property and tech sectors together in a true first for the industry,” Knox Group chairman Douglas Barrowman commented.

“Bitcoin’s meteoric rise in a few short years means it’s now the world’s leading cryptocurrency. This is exactly why we are the first property development ever to be priced in Bitcoin.” 

Full story at

Source: CoinTelegraph

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