You can now buy a Dubai apartment for 50 bitcoin

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Bitcoin fans are being offered first dibs on 150 apartments in a new Dubai development. One bitcoin is now worth just over $4,600. It has more than quadrupled since the start of the year.

BitPay, which provides Bitcoin payment services, will process the transactions. Michelle Mone, a British lingerie entrepreneur, and partner in the project said that for those who don’t want to use Bitcoin, more apartments would be offered in October for people interested in buying in conventional currency.

The development in the Dubai Science Park consists of two towers, a swimming complex, an outdoor cinema and a shopping mall. Buyers can also pay with Bitcoin for interior design.

Source Credit: CNN
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