547 Bitcoins

$6 Million Commercial Japanese Building in Tokyo Will be Sold with Bitcoin

A Tokyo-based real estate firm is selling a small commercial building for 547 bitcoin, or $6 million. It is said to be the first building in Japan to be sold using bitcoin.

Normally, purchasing properties through banks and third party service providers lead to significantly high fees, especially if several millions of dollars have to be transacted between two seperate banks. As such, to circumvent the inefficient global banking system, many realtors in London and UAE have started to accept bitcoin for large-scale payments as well.
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