Bitcoins buy a villa in bali for sale
Bitcoin users have not been shy about using the currency to make large purchases in the past. As of January 17, , in Philadelphia, you could buy a condo. This makes them the first condos in the city to be sold with Bitcoin users in mind. Now, condos sprawl throughout the structure, boasting hardwood flooring and extra-large windows with views of the city.
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Bitcoins buy a villa in bali for sale
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- $500,000 Bali Villa is Biggest Bitcoin Purchase Ever
- Bitcoin Destinations in Bali
- Bitcoin's biggest transaction yet: a luxury villa in Bali for $500,000
- $500k Villa Sold in What May be Biggest Bitcoin Purchase on Record
- Bitcoin steps up from sandwiches to villas
- Silvergate Bank Reportedly Aims to Buy Diem’s Intellectual Property for USD 200M
$500,000 Bali Villa is Biggest Bitcoin Purchase Ever
Online bitcoin-only luxury marketplace BitPremier has completed the sale of a fully managed villa at the deLMango Villa Estate in Bali, Indonesia, in what may be the largest reported bitcoin transaction to date. Silbert, brother of SecondMarket CEO and BitPremier investor Barry Silbert, indicated that the sale is "by far the largest" completed to date via the marketplace, which was launched last May.
Further, he sees the purchase as proof that bitcoin buyers will be increasingly willing to diversify their assets with other investment opportunities. Speaking to CoinDesk, Silbert did not reveal many more details about the buyer, mentioning only that the individual was an early bitcoin adopter based in the US.
As for the house sale, Silbert indicated that due to Indonesia's unique laws regarding the ownership of real estate by foreigners, the buyer is technically purchasing a long-term lease.
The property boasts an intricate design that blends the indoors and outdoors with open-sided rooms, a dedicated dining pavilion and a private pool. The buyer will earn income based on the performance of the rental unit and villa as a whole, Silbert said. BitPremier facilitates communication between both parties, who remain anonymous until the terms of the deal are settled.
Funds are then held in escrow until the buyer confirms an item has been delivered. The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies.
CoinDesk is an independent operating subsidiary of Digital Currency Group , which invests in cryptocurrencies and blockchain startups.
As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights , which vest over a multi-year period.
CoinDesk journalists are not allowed to purchase stock outright in DCG. By signing up, you will receive emails about CoinDesk product updates, events and marketing and you agree to our terms of services and privacy policy. Explained Silbert:. It shows that bitcoin users want to buy things that are unique, and that are above and beyond t-shirts and electronics. The sale was finalized in late February. More details. Said Silbert: "He's been in the bitcoin community for at least a couple years.
In addition, the villa features two modern bedrooms and two bathrooms. Bitcoin's biggest transactions. About BitPremier. Images courtesy of BitPremier. Pete Rizzo. Subscribe to Crypto for Advisors, our weekly newsletter defining crypto, digital assets and the future of finance. Sign Up.
Bitcoin Destinations in Bali
Unparalleled location, relaxation and recreation-this house has it all. At the end of a quiet cul de sac, on a…. Blending divine…. Let us help you find the perfect property. Buy or Rent with Crypto Assets Search. Looking for certain features.
Bitcoin's biggest transaction yet: a luxury villa in Bali for $500,000
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$500k Villa Sold in What May be Biggest Bitcoin Purchase on Record
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Bitcoin steps up from sandwiches to villas
Acceptance of bitcoin, a sometimes maligned virtual currency, has stepped up from small transactions for sandwiches and online dating to what may be its biggest deal yet: a luxury villa in Bali. Read more : This is what the future holds for bitcoin: Goldman. So I think this is by far the priciest item that's sold by bitcoins. Bitcoin is a "virtual" currency that allows users to exchange online credits for goods and services. While there is no central bank that issues them, bitcoins can be created online by using a computer to complete difficult tasks, a process known as mining.
Silvergate Bank Reportedly Aims to Buy Diem’s Intellectual Property for USD 200M
A brand-new villa on the southern coast of Bali has just changed hands — for somewhere above bitcoins. The news, first reported by virtual currency news site CoinDesk , comes from the CEO of BitPremier , a marketplace for luxury goods that can only be paid for in bitcoin. Though he would not divulge the exact price or the buyer of the property at the DeLMango Villa Estate, he did indicate that the sale cleared on Feb. The speed and ease of bitcoin transfers was on full display, as Ronny Tome, the villa's seller, told The Wall Street Journal : "The whole thing was done in an hour. If we had gone through normal bank transfers, it would have taken a few days or a week. This anonymous buyer isn't the only one to make a big bitcoin purchase lately.
The two bedroom, two bathroom property, complete with private pool, was bought by an anonymous buyer in Texas with less than 1, bitcoin, which is the equivalent to roughly , U. Despite the digital currency not being regulated or accepted as legal tender , the deal was sealed in late February through BitPremier which is an exclusive bitcoin trading website for luxury goods. And that worked out to be pretty, pretty good for us.
Cryptocurrencies are never far from the headlines these days. While buying and selling cryptos is becoming increasingly mainstream, the opportunities to spend virtual currencies are somewhat limited in comparison due to its volatility. There are, however, a growing number of companies across a plethora of industries - from big tech to airlines - who are embracing cryptocurrencies, allowing customers to use them as an official method of payment for their goods and services. In November, Mastercard said it would allow partners on its network to enable their consumers to buy, sell and hold cryptocurrency using a digital wallet, as well as reward them with digital currencies under their loyalty programmes. The move would allow customers to earn and spend rewards in cryptocurrency rather than loyalty points. The credit card giant will be pairing up with Bakkt Holdings Inc, the digital assets platform founded in by NYSE-owner Intercontinental Exchange, to offer the new crypto services to its customers.
A homeowner in South Carolina will be accepting bitcoin in full or in part for his newly-listed beachfront property in Hilton Head. The homeowner instructed his real estate agent, Bill True, at Lancaster Real Estate Sales to accept the digital currency as a matter of convenience for potential buyers. Instead of dealing with confusing and expensive currency conversions, a new buyer can arrange payment in a single currency and have the funds sent in a matter of minutes. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies. We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.
Bloomberg -- Indonesia will reopen Bali to all foreign visitors starting Feb. This comes after the nation lifted a ban on all foreign arrivals and on Feb. Those with only one shot of Covid vaccine must continue to comply with a seven-day quarantine.
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