Based in the State of Texas Kuper Sotheby's International Realty has become the first brokerage to close on a home purchased entirely with the popular cryptocurrency, Bitcoin (EXANTE: Bitcoin), The Cointelegraph reports.
"In all of my 33 years of closing transactions, I honestly couldn't have expected something so unique to go so smoothly. In a matter of 10 minutes, the Bitcoin was changed to US Dollars and the deal was done!” Sheryl Lowe, the agent who represented the buyer in the sale said.
"As Austin matures into becoming the United States' next technology metropolis, our associates at Kuper Sotheby's keep at the forefront of new trends and Sheryl demonstrates this in stellar fashion. Her ability to facilitate this sale is no better proof of that,” J Kuper, Principal Broker of Kuper Sotheby's, said.
The Cointelegraph emphasises that this real estate purchase represents “another step toward widespread acceptance of the currency”.