Apartments in Dubai sell the house for 30 Bitcoin an apartment
A $ 325 million real estate investment project was kicked off in Dubai, a developer unit that allows homebuyers to pay for Bitcoin.
Two British entrepreneurs, Michelle Mone and Doug Barrowman, have officially announced the Aston Plaza & Residences project, which covers an area of approximately 730,000 square meters and is divided into two 40-storey buildings.
The project developer confirmed that it would be the first large-scale real estate project to allow homebuyers to pay Bitcoin.
Businessman Barrowman, chairman of the Knox Group, said that the companies behind the Bitcoin selection project because of the algorithmic currency is increasingly becoming a popular investment channel.
"I have invested in math algorithms in the past few years, and this is a very strong industry as far as I'm concerned," Barrowman told CNBC.
"I see in the near future that the pre-mathematical stage has more universal applications, so this would be a reasonable expansion to give consumers the opportunity to buy houses and land using mathematical calculations like Bitcoin, Instead of conventional currencies, "said businessman behind the project.
One-bedroom apartments for sale will be available for sale at 30 Bitcoins, or US $ 133,918.
The project will include more than 1,000 apartments with a commercial center, expected to be completed by September 2016.
The transaction can be made via BitPay, the payment platform for Microsoft and Richard Branson's Virgin Galactic space company.
"Buying a condo can now be made in minutes from anywhere in the world at the same speed as sending an email," said Stephen Pair, BitPay CEO. "We are delighted to be working with our affiliates so Bitcoin can be paid at a real estate project."
The governments of several countries have expressed concern over the fact that the algorithmic currencies operate without any legal regulation.
On September 4, the Central Bank of China (PBOC) announced a ban on Chinese companies issuing ICO, which is the way the country's startup businesses are used to. used to call the capital.