| USWorld

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

Vegas home seller willing to accept bitcoins

Email Newsletters

Click here to sign up for one of our email newsletters.

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

“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. Gun rights supporters protest Obama’s trip to Oregon after campus shooting
  2. More emails on Benghazi to go public
  3. Arizona, Texas university shootings kill 2
  4. Iowa ex-lottery security officer hit with new charges
  5. Drone in Ellipse leads to citation for operator
  6. Court blocks Obama water protections
  7. House OKs end of oil export ban adopted in 1970s in response to Arab embargo
  8. House GOP colleagues pressure Ryan
  9. Rail defect cited in West Virginia derailment
  10. Hurricane remnants hit Alaska coast
  11. Transient trio jailed in pair’s slayings in California