MOVE WITH THE TIMES
Posh £1.7 million house in south London becomes UK first to be offered for digital Bitcoin currency.
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.”