Bitcoin fans are being offered first dibs on 150 apartments in a new Dubai development.
Aston Plaza and Residences is offering studios for 30 bitcoin, and one-bedroom apartments for about 50 bitcoin ($242,000), although the prices may vary because they're pegged to the dollar.
Once a buyer decides to go ahead with the purchase online the bitcoin price is fixed for 15 minutes.
Michelle Mone, a British lingerie entrepreneur and partner in the project, said more apartments would be offered in October for people interested in buying in conventional currency.
"We want to give an opportunity to the bitcoin world," she told CNNMoney. "It's a good way for bitcoin users to trade in their bitcoin into bricks and mortar."
The development in the Dubai Science Park consists of two towers, a swimming complex, an outdoor cinema and a shopping mall. Buyers can also pay with bitcoin for interior design.
http://money.cnn.com/2017/09/06/technology/dubai-bitcoin-apartments/index.html
