The cryptocurrency market has been turning eyes in the real world, despite the bearish onslaught that has prevailed over the past year. The news that XRP, Bitcoin [BTC] and other cryptocurrencies can now be used to purchase a piece of land known as “Stone Jug,” is a step forward towards this development.
A property estimated to be worth a whopping $5.5 million in Carbonear, Canada is up for sale and interested parties can now purchase this piece of land using XRP, Bitcoin, or Ethereum [ETH].
The property called “Stone Jug” is three floored, worth six figures and the owner is willing to accept payments, not just in cryptocurrencies but in 28 different fiat currencies [USD, EUR, GBP etc]. The property has been known to host popular parties, concerts, and other art performances.
This is an example of how cryptocurrencies are gaining traction, despite the bear market and how they are slowly becoming a part of our daily routine. But then again, this is not the first time a piece of real estate has been offered for cryptocurrencies.
As per Bitcoinexchangeguide, a Russian mansion located near Moscow was reportedly up for sale and was sold for about 2000 BTC [currently worth $7,214,240]. Another example is the news that a terraced house in Grimsby, U.K. was up for sale, for a total of 18 BTC [currently worth $64,928].
In Australia, Real Estate agency Ray White is selling a luxurious three-bathroom home in Surfers Paradise for $580,000 and the owner is willing to accept payment in BTC. Another apartment in the suburb of Darwin was sold for 126 BTC [currently worth $454,252].
In San Francisco, according to a Craigslist ad, a mid-century hillside estate can now be purchased for $3.3 million and the owner is willing to accept cryptocurrency, Bitcoin, as a form of payment.
Such developments have raised some degree of excitement in the Twitterverse, many of whom are looking forward to the future prospects of cryptocurrencies in the real estate market.
@zerotrigg, a Twitter user commented,
“I’d like to see some pictures of that place. Sounds pretty sweet!”
Another, Twitter user, @cryptodave commented,
“absolute genius to accept XRP now!!!! wow”
“Long bitcoin, long Crypto.
Market is down, but you can earn passive income with #stackofstake #masternode services.”