It's no doubt the housing market is tough. So, like most things these days, a man wants to add a technical spin to it -- by selling his house for digital currency.
Taylor More, of Alberta, Canada, posted his two-bedroom bungalow up for sale online. He's asking for 405,000 Canadian dollars (about $400,000) up front or, if you have them, about 5,750 Bitcoins.
Bitcoins are a peer-to-peer decentralized digital currency system that began surfacing over the last few years. Essentially, they're virtual coins you can send through the Internet. Unlike government-backed currencies, Bitcoins have no central user, so transactions can be completed without "middlemen."
Currently, CNET reports, the exchange rate is one Bitcoin to every $65.05. Watch the full breakdown of the currency here.
Despite his claim, More said he's not completely set on only accepting Bitcoins. From his posting:
"If you had $405k I wouldn't turn you down but if a partial or whole transaction is done using Bitcoins the price can be reduced depending on how many Bitcoins you have to trade."
Watch the video above to learn more. Would you sell -- or buy -- a house using Bitcoins?
