Bitcoin, Ether, and XRP Accepted for $5.5 Million Events Venue

The seller of a $5.5 million property in Carbonear, Canada, is willing to accept payment in any one of 28 fiat currencies or three cryptocurrencies. Those cryptos welcomed for payment of the Stone Jug are the top three by market capitalisation – Bitcoin (BTC), Ether (ETH), and XRP.

As you probably guessed from its seven-figure price tag, the Stone Jug is a pretty luxurious property. Spanning three floors, the building has previously hosted performances by traditional Irish and Newfoundland musicians, as well as various other local entertainers.

Could the Stone Jug be the First Property to be Bought with XRP?

According to an advertisement on property listing websitePropy, the Stone Jug inCarbonear, Newfoundland is up for sale for $5.5 million. The grandiose nineteenth-century building can be exchanged for Bitcoin, Ether, or XRP. Current owner, Bruce Branan, will also accept payment in 28 fiat currencies. Along with the likes of the Canadian dollar, US dollar, and euro, the list includes much smaller currencies such as Philippine piso,Czech koruna, andThai baht.

The property being offered for cryptocurrency has been constructed with one-metre thick stone walls that are intricately carved. Each of the three floors is furnished using reclaimed wood imported from China. Branan has reportedly spent more than $5 million in renovating and restoring the space whilst owning it.

The ground floor in the Stone Jug seats over 75 guests. The area is equipped with “an open concept kitchen” and an 85 foot bar. Currently, this serves visitors up a rustic menu of wild game and the bar has a vast selection of liquors on offer. The second floor can host a further 85 guests. Finally, the highest floor of the property is a theatre and conference room, equipped for 110 guests.

Previous events held in the space include weddings, conferences, and theatrical and musical performances. Those responsible for comprising the eclectic bill of acts gracing the floors of the Stone Jug frequently show a strong appreciation of local Irish folk music, as is evidenced below:

The Stone Jug Could Become an XRP First, But Bitcoin’s Been There Before…

Although the advertisement of the Stone Jug is the first example of a property being offered in exchange for XRP that we are aware of, it is certainly not the first time a real-estate seller has been prepared to accept cryptocurrency.

All manner of properties have hit the market in recent years, some incredibly extravagant and some not so. Previously at NewsBTC, we have covered the Russian luxury property developer’s mansion in the Moscow suburbs. The Kalinka Group wanted a massive $8 million for the property that is equipped with an open-air Jacuzzi and a snow room. In September 2017, at the time of the report, the asking price was close to 2,000 BTC.

Right at the opposite end of the spectrum is the terraced house in Grimsby, UK. A much more modest offering, Sean Atkinson wanted just 18 BTC in October 2017 for the two bedroom home. The freelance yoga teacher stated at the time that he believed the currency would appreciate in value in the future, hence his decision to accept BTC for the sale of his house.

Related Reading:First Ethereum Based Real Estate Deal Completed in the U.S.

Featured Image from Shutterstock.

The post Bitcoin, Ether, and XRP Accepted for $5.5 Million Events Venue appeared first on NewsBTC.

11.02.2019 / 15:05 80
Properties Are Still Being Sold for Cryptocurrency Despite the Bear Market Properties Are Still Being Sold for
Bitcoin and many other digital assets have lost more than 80 percent of their fiat value since 2017. Despite this, the trend for people selling homes
This $3M Palazzo in Malta Can Be Bought Only For Bitcoin This $3M Palazzo in Malta Can Be Bought
Despite the BTC price drop, the owner of a $3 million palazzo in Valletta, Malta, refuses to accept anything but Bitcoin. 421-Year-Old Palazzo: Only
China’s Merchants are Legally Allowed to Accept Bitcoin and Crypto China’s Merchants are Legally Allowed
As reported by CnLedger, a trusted cryptocurrency news source in China, the country’s merchants can legally accept crypto as a payment method.
Shanghai Court Rules Ethereum is Protected Under Property Laws Shanghai Court Rules Ethereum is
Advertisement Shanghai Hongkou District Court has declared that Ether is protected as “general property” by law. The statement was a result of an
Ether is ‘Property’ And ‘Should Be Protected By Law,’ Says Chinese Court Ether is ‘Property’ And ‘Should Be
A court in China has ruled Ether (ETH) is property and should come under the protection of the law in a landmark case this week. China Legislators:
You Can Now Buy Land In California Using Ripple (XRP) You Can Now Buy Land In California
Any news with respect to Cryptocurrency adoption is welcome news and especially during this time period of market turmoil that has seen Bitcoin (BTC)
Comments (0)
Add a comment
Comment on