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Real estate business done with Bitcoins in China

by on09 November 2013 2154 times

One of the biggest IT companies in China, Shanda Group, specifically its department of real estate operations launched the first investment project for the purchase of 300 apartments which have yet to be built in the new Shanghai Zhangjiang Technology Park.

A special feature of the project is that you can buy a real estate using virtual currency Bitcoin. The currency has been set so that 1 Bitcoin coin is worth 1000 yuan.

At the beginning of sales of real estate on 25th October, at the service BTC China, currently the world's largest facility for sharing digital currency Bitcoin for 1 you would need to pay 1200 yuan. Meanwhile rate reached ratio and now you need to pay nearly 2,000 yuan for 1 Bitcoin. Over 300 apartments released for sale were sold in a few minute due to extremely high interest.

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Last modified on 09 November 2013
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