Two high-priced London homes are being purchased by Hong Kong investors, who apparently are using bitcoins to complete the transactions.
Cai-Capital in Gloucestershire asserts it is the first brokerage to accept the cryptocurrency for a transaction, according to a report on OPP Connect.
The purchases involved two homes priced at 1 million pounds and 750,000 pounds, respectively. That works out to $1.7 million and $1.28 million each, or, more importantly 2,826 and 2,103 bitcoins—using a $600 value for one bitcoin.
"Cai-Capital is proud to announce that we are the first UK Property Company to accept bitcoins and other cryptocurrencies," the firm said in a statement.
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