UK Real Estate Firm Accepts Bitcoin for Sale of 150-Year-Old Church

• by admin
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• December 16, 2019
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• Bitcoin News

A 150-year old church in England is up for sale for about 181 bitcoin. Finest Properties, Corbridge, a major British online real estate portal and property website, converted an 18th-century church into a seven-bedroom character property and put it up for sale on Rightmove.

The newly converted property has an entrance porch, a hall, four first-floor bedrooms, a family and a master bathroom with a dressing room. Also on the property: game room, living area, kitchen, and dining room.

The property unit is priced at 1.2 million British pounds ($1.5 million), and the seller is willing to accept Bitcoin for payment:

“The vendor is willing to accept the cryptocurrency Bitcoin (BTC) as a method of payment. The final sale price in BTC is to be agreed and confirmed with the vendor and will depend on the market valuation of BTC at the time of sale,” the posting says.

St Laurence’s Church in County Durham dates to 1871 and was designed by the Darlington-based architect JP Pritchett. The wonderfully designed church is made of squared rock-faced sandstone, as the custom was in the 18th century.

Bitcoin pay has become an increasingly viable option for home sellers in the UK of late. Probably this is in part because the UK has recently become a better place for crypto transactions.

UK payers don’t have to pay conversion fees anymore. Cryptopay, a local crypto wallet and debit card service startup, announced transfers with the British pound through the Faster Payments Scheme, which purportedly eliminated the need to convert funds into euro and pay for the fees.