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.

Subscribe today! Click here for our subscription offers.

 

 


Show commenting policy

Most-Read Nation

  1. Watchdog: Policy over visas broke, but not law
  2. Indiana governor defends religious objections bill signed into law
  3. Jackson Jr. leaves prison for halfway house
  4. Tractor-trailer hits construction beams over Interstate 35 in Texas
  5. Damaged Jersey shore pier to be rebuilt
  6. $140M Picasso likely to set auction record
  7. Feds arrest guardsman, cousin for terror plot on military facility
  8. Special operations troops are denied commercial intelligence analysis software for missions
  9. House OKs overhaul of Medicare, keeps kids insurer
  10. Oklahomans devastated, yet grateful, amid twister cleanup
  11. Balanced GOP budget blueprint nears Senate OK