TribLIVE

| USWorld


 
Larger text Larger text Smaller text Smaller text | Order Photo Reprints

Vegas home seller willing to accept bitcoins

Daily Photo Galleries

By The Associated Press
Saturday, Dec. 14, 2013, 9:21 p.m.
 

LAS VEGAS — A casino owner-turned-commercial developer is asking for $7.85 million to sell a Las Vegas home, and he's willing to accept the online currency bitcoin for the deal.

Jack Sommer said he got the idea to seek bitcoin for his 25,000-square-foot mansion from two of his sons, who have been involved in making and trading the currency.

“The advantage is that we're expanding our market and adding some notoriety,” Sommer said.

Bitcoin peer-to-peer trading began in 2009. Value is purchased through an exchange website with a mainstream paper currency, such as dollars or euros, though trading is not government-regulated.

Using the currency can streamline international business deals, said Julian Tosh, a consultant and owner of the marketplace website bitcoinsinvegas.com.

“There are a bunch of people who have bitcoins, and they're dying for a place to spend it,” Tosh told the Las Vegas Review-Journal.

He said Sommer's willingness to accept bitcoin could open the home to a global audience.

 

 
 


Show commenting policy

Most-Read Nation

  1. Judge orders W.Va. agency to release pollution data
  2. Man caught jumping White House fence
  3. Security at Capitol questioned
  4. Alleged trooper killer may have been seen Friday
  5. Ferguson slaying of Brown reconstructed in county autopsy
  6. 4 private security guards convicted
  7. West Virginia University warns students over riots
  8. Immigration work permits could rise under contract
  9. Official’s job at cybersecurity firm vexes NSA
  10. Ebola watch lists to shrink
  11. Coast Guard to seek billions to protect Arctic interests
Subscribe today! Click here for our subscription offers.