This $3M Palazzo in Malta Can Be Bought Only For Bitcoin

This $3M Palazzo in Malta Can Be Bought Only For Bitcoin
фото показано с : bitcoinist.com

2018-11-22 02:00

Despite the BTC price drop, the owner of a $3 million palazzo in Valletta, Malta, refuses to accept anything but Bitcoin.

421-Year-Old Palazzo: Only BTC Accepted

Malta has undoubtedly managed to establish itself as one of the friendliest nations towards cryptocurrencies and blockchain.

To further attest to this, the owner of a $3 million building in the heart of Valletta – the country’s capital, is reportedly accepting only Bitcoin 00 for its purchase. The building is 421 years old and it’s a traditional palazzo which could serve a range of different purposes, according to the owner.

Purportedly, the building has commercial permits for various activities and has been reinforced to guarantee its stability while maintaining its authenticity and traditional appeal.

More interestingly, though, the only thing that the owner is willing to accept for it is Bitcoin. However, according to a local real estate expert, this might be easier said than done. The business development and marketing manager of one of Malta’s real estate agencies, it’s hard to align both the seller and the buyer on using cryptocurrencies, especially for high-profile deals.

Furthermore, he outlines that the volatility of cryptocurrencies is something that causes issues because property deals take time to settle. During this period, the change of price in cryptocurrencies might cause additional problems.

Bitcoin’s Increasing Involvement in Real Estate

It seems that property owners across the world are increasingly interested in accepting BTC as means of payment.

Bitcoinist reported that Baroness Michelle Mone and Doug Barrowman launched 2.4 million square foot real estate development in Dubai and that they’d accept BTC for the units, starting at 30 BTC (at the time).

Just recently, a 10,720-foot mansion right next to Manhattan’s Riverside Park has been put up on the market for a total of $15.9 million dollars and the seller has said that he’s open to accepting Bitcoin.

One of the largest properties which were announced for sale in both cash and cryptocurrency was a 17,000 square foot 16th-century Mansion in Rome for $42 million.

What do you think of buying real estate with Bitcoin? Don’t hesitate to let us know in the comments below!

Images courtesy of Shutterstock

The post This $3M Palazzo in Malta Can Be Bought Only For Bitcoin appeared first on Bitcoinist.com.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Bitcoin (BTC) на Currencies.ru

$ 95668.15 (+0.38%)
Объем 24H $66.69b
Изменеия 24h: 0.31 %, 7d: 3.02 %
Cегодня L: $93967.9 - H: $96238.42
Капитализация $1893.327b Rank 1
Цена в час новости $ 4516.24 (2018.31%)

bitcoin only malta palazzo building valletta owner

Источник: bitcoinist.com

bitcoin only → Результатов: 126


Bitcoin rally fueled by realization trustlessness is the only way forward

Dylan LeClair said Bitcoin’s recent solid performance boils down to the understanding that trustlessness is the only way forward. The Research Analyst pointed out that, amid tough geopolitical and macroeconomic conditions, Bitcoin has managed to buck the broader market trend – thanks to the growing realization it has no counterparty risk.

2023-4-12 20:00


Top Bitcoin Mining Player Canaan Creative Allows HKEX Filing to Lapse, Leading to Delay of IPO Possibly

Canaan Creative recently applied for an initial public offering over six months ago in Hong Kong, but it does not seem like they met the requirements within the timeframe allotted. Considering that these applications are only good for six months through HKEX, it is possible that this IPO may ultimately be delayed. On the HKEX […]

2018-11-15 21:16


Bitcoin ABC vs Satoshi Vision fork, who will come out Victorious?

Yes, the Lion is the king of the jungle. No, there cannot be more than one Lion to rule the jungle, one has to rip the other apart, but if both must claim the throne, then the level of agreement between the subjects to either of the leadership patterns becomes the only determinant that puts […] The post Bitcoin ABC vs Satoshi Vision fork, who will come out Victorious? appeared first on ZyCrypto.

2018-11-15 17:45


Фото:

CDRX Introduces a New Approach to Asset Securitization: Crypto Depository Receipts (CDRs)

CDRX could be soon pioneering a paradigm shift in equity investment, through its securitized equity tokens labeled Crypto Depository Receipts (CDRs). The company is introducing an alternative to replace traditional investment instruments like equities and bonds, bringing investment opportunities to everyone that purchases the token, not only wealthy individuals and accredited investors.

2018-11-15 15:51


Фото:

Bitfury Acquires Minority Stake in Final Frontier, Aims To Expand Services

The Bitfury Group has acquired a minority stake in blockchain services firm Final Frontier. Both organizations are looking to utilize each other’s knowledge and experience in the traditional and digital finance spaces to potentially release a new line of financial products and services designed to assist professional investors in getting their hands on digital assets.

2018-11-14 00:53


дальше еще 77 новостей →

Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru

Bit binance

Finance Crypto exchange Binance is working on a project to launch a decentralized bank bridging the crypto industry with conventional banking. Authorities in Valletta have welcomed the initiative that is expected to win support from other crypto investors as well.

Zenon Quavier opened the payment cap of Crypto Investment Bank

Singapore-based Huobi has confirmed its intentions to open an office in London, and US exchange Coinbase is about to do the same in Portland, Oregon. Also, a new crypto vault in Switzerland offers safe storage for cryptocurrencies, while the parliament in Valletta has approved three bills designed to increase the attractiveness of Malta for businesses