Rightmove, a major United Kingdom-based real estate website, is selling a 150-year-old church in the country for around $1.5 million USD (or $1.2 million GBP) and the vendor is accepting Bitcoin (BTC) as a method of payment.
According to the listing on the site, the church, which was converted into a seven-bedroom property, was created back in 1871. Known formerly as the St. Laurence’s Church, the property is based in County Durham.
The owner of the property has agreed to sell it for BTC, but the price needs to be confirmed during the time of the sale. At the moment, the property is worth 182.34 BTC, but the asset is very volatile, so it is pretty much expected that prices will change soon.
Bitcoin And The Real Estate Market
This is only one of several places that can be bought using crypto. Aston Plaza, for instance, provided several other properties. The company was focused on the Bitcoin-oriented real estate market and it paused its activities recently, but still offers some properties for sale.
One of the main issues that people find while trying to sell property with Bitcoin, is that there are not many people getting rich with BTC anymore. The market boomed in 2017 when several investors got rich, but despite the high gains this year, not everybody is using BTC to pay for real estate anymore. Fortunately, this has not stopped some companies from offering Bitcoin payments as an option.