THE owner of this posh £1.65 million townhouse is willing to accept BITCOIN in reportedly the first example of a UK property being offered for the controversial digital currency.
Entrepreneur Daniel Roy will accept Sterling but is open to offers in excess of “500 Bitcoin” for his three bedroom home in Peckham, London.
The cryptocurrency, launched in 2009, is free from government control.
It allows users, which currently number six million, to carry out peer-to-peer transactions without using a bank to exchange the funds.
And according to research from Cambridge University, there are more than 250,000 Bitcoin transactions per day.
However, the currency has also used by criminals for selling drugs and other illicit goods while North Korea is understood to be using it to bypass trade sanctions.
Daniel, 40, said: “It is a beautiful mid-19th century home which is spacious, light and airy – it is a great place to think.
“The London property market is a bit slow at the moment and I am really interested in cryptocurrency so I thought it would be good to give someone the possibility of using Bitcoin to buy a wonderful home.”
The 2,134 sq/ft property is spread over four floors and has three bedrooms, three bathrooms, three receptions and a large kitchen.
The prospective buyer would still have to use Sterling when paying stamp duty – which will be around £110,000.
Cryptocurrencies like Bitcoin and Ethereum, which Daniel will also accept, are prone to volatile movement.
Around 12 months ago, a single bitcoin was worth £500, but it has now risen to £2,928.
Becky Munday, managing director of Munday’s Estate Agents which is selling the home, admits her knowledge of Bitcoin stemmed “from an episode of Good Wife” and she had to “Google it”.
She said: “As far as I’m aware this is the first bitcoin marketed property in the UK.
“I’ve noticed in America that properties are popping up in Bitcoin – particularly new developments.
“This is a classic and large period home being marketed in a modern way.
“It’s exciting, and we were open to our seller approaching us with the idea.”
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