TribLIVE

| USWorld


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

Vegas home seller willing to accept bitcoins

About The Tribune-Review
The Tribune-Review can be reached via e-mail or at 412-321-6460.
Contact Us | Video | Photo Reprints

Daily Photo Galleries


By The Associated Press

Published: 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. ‘Affluenza’ family won’t pay full rehab fee
  2. Recovery expert believes wreckage of missing plane located
  3. Android systems running 4.1.1 softward carry Heartbleed bug
  4. 50 years later, ‘flying housewife’ Mock recalls fun of becoming first woman pilot to fly around the world
  5. Heroin-related deaths set record in Ohio
  6. Denver wife killed 12 minutes into 911 call, sparking inquiry
  7. Imam’s influence detailed as NYC terror trial begins
  8. Deal reached in Ukraine crisis talks, but U.S. remains wary of Russia’s end game
  9. 7 clever chimps devise way to break out of zoo enclosure
  10. Military dog that saved patrol retires in Tampa with honors
  11. Casino sues gambler Phil Ivey, claiming $9.6M cheat
Subscribe today! Click here for our subscription offers.