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. Murder charges dropped against sergeant who shot 2 unarmed Iraqi boys
  2. First Ebola case in U.S. confirmed in Dallas
  3. Dallas hospital confirms 1st Ebola case in U.S.
  4. Feds say $100M in data hacked
  5. Secret Service chief endures blistering glare of Congress’ questions over White House breach
  6. Medical marijuana use to get court test in Colo.
  7. Intruder made it to East Room of White House, overpowered Secret Service officer
  8. New York City mayor boosts city’s living wage to $13.13
  9. Rancid chicken juice leaks from truck abandoned at Montana truck stop
  10. Chicago flights resume after fire delayed travel in Pittsburgh, elsewhere
  11. Security whips up service problems at CIA Starbucks
Subscribe today! Click here for our subscription offers.