UK Real Estate Firm Accepts Bitcoin for Sale of 150-Year-Old Church
A 150-year-old English church is being sold for $1.5 million with the vendor accepting payment in Bitcoin (BTC).
Vendor is willing to receive payment in Bitcoin
According to a listing on Rightmove, a major British online real estate portal and property website, a vendor put an 18th-century church converted into a seven-bedroom character property up for sale and is willing to accept Bitcoin as payment.
While the property unit is priced at 1.2 million British pounds ($1.5 million), the final price in Bitcoin is to be agreed and confirmed with the vendor and will depend on the market price of Bitcoin at the time of sale, the listing notes. At press time, the sale price is worth 182.34 Bitcoins.
Built in 1871, the converted residential property is the former St. Laurence’s Church in County Durham.
Earlier this year, Cointelegraph reported that major Bitcoin-oriented real estate project Aston Plaza was pausing its operations, while previous reports claimed that the construction of the $325 million venture was stopped in January 2018. According to the Aston Plaza website, the venture still offers studios as well as one- and two-bedroom apartments that can be bought with Bitcoin.
U.K. and payments in crypto
The U.K. has been friendly to crypto-powered payments, according to recent reports. Last week, major local crypto wallet and debit card service firm Cryptopay announced the launch of transfers with the British pound through the Faster Payments Scheme, which purportedly eliminated euro conversion charges.
In April 2019, the U.K.’s largest travel management company, Corporate Traveller, announced that it started accepting Bitcoin for payments, noting that the firm is not concerned with Bitcoin’s price volatility, as received crypto is converted directly into British pounds.